Southern Gas Corridor: The funding tap that keeps on giving

In:

Oil & gas

Region:

Europe

Daniel Pembrey

Reporter

Despite Moody’s rating downgrade for the $41.5 billion Southern Gas Corridor in 2017 amid ongoing concerns over Azerbaijan’s creditworthiness and politics, the scheme has attracted an unprecedented amount of tightly priced debt from DFIs and multilaterals, with commercial lenders and ECAs now flocking into the final funding mix.

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