GERMANY AND EBRD SINK MORE MONEY INTO BUILDING SOUTHERN PIPELINE LINKS TO CASPIAN
March 1st, 2018
GERMANY’S federal finance ministry has said it will lend EUR1.2 billion to a key Azerbaijan company involved in developing Caspian Sea natural gas, exporting it via a burgeoning pipeline network to central and western Europe. Azerbaijan’s ‘Closed Joint Stock Company Southern Gas Corridor’ (SJCC), formed in 2014 by presidential decree, will borrow the funds to help develop the Shah Deniz offshore gas field in the Caspian. The money will also help it expand the South Caucasus Pipeline (to Turkey via Georgia), plus build the Trans-Anatolian pipeline (TANAP ...
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