“Southern Gas Corridor CJSC has invested over $8.8 billion (or 77 percent) of the total of $11.5 billion (total funding needs in 2014-2020) required for the financing of its participating interests in the Projects,” said the company.

Earlier, the total funding needs in 2014-2020 for financing the company’s shares in the projects were estimated at $11.7 billion.

The Southern Gas Corridor, worth over $40 billion, is considered as one of the priority energy projects for the EU, which strives for diversification of gas sources. The project envisages the transportation of gas from the Caspian region to the European countries through Georgia and Turkey.

Masaim Abdullayev,

“Khalq qazeti”