ECONOMY


‘Southern Gas Corridor project is the biggest project of BP’, Joseph Murphy

Ashgabat, May 31, AZERTAC

‘The Southern Gas Corridor project is the biggest project of BP’, Joseph Murphy, BP vice president for the Southern Gas Corridor said at the Energy Charter Forum, titled “Towards a Multilateral Framework Agreement on Transit of Energy Resources” in Ashgabat. Highlighting strategic significance of the SGC project, J. Murphy said 11 world companies invest in this transnational Southern Gas Corridor Project, which will deliver natural Azerbaijani gas to Europe.

The SGC is one of the biggest construction projects with a value of $45 billion which aims to improve the energy security of the EU and diversity its energy supply routes, and creates 30 thousands new jobs for host countries.

The World Bank allocates a loan worth $400 million for construction of the Southern Gas Corridor.

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