Aug 09 2018 22:47
Views: 425

The Southern Gas Corridor has received a waiver from U.S. sanctions against Iran's energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe, according to S&P Global.

The language appeared in an executive order that President Donald Trump signed Monday. BP had been seeking a sanctions waiver for its development of Azerbaijan's offshore Shah Deniz fields, the source of the Southern Gas Corridor's natural gas. According to economist Vugar Bayramov, the sanctions will not have a negative impact on the activities of the consortium because it does not apply to the Southern Gas Corridor.

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