Fitch Ratings - Frankfurt am Main - 31 Jan 2024: Fitch Ratings has affirmed Southern Gas Corridor CJSC's (SGC) senior unsecured Eurobond's long-term foreign-currency rating at 'BB+'

The Southern Gas Corridor CJSC (SGC) ended the first half of 2023 with $726.6 million in net profit

The 9th Southern Gas Corridor Advisory Council Ministerial Meeting and 1st Green Energy Advisory Council Ministerial Meeting are underway at Gulustan Palace in Baku. President of the Republic of Azerbaijan Ilham Aliyev is attending the meeting.

SOCAR and the UAE’s Masdar company signed an Agreement on the joint development of offshore wind energy and hydrogen projects with a capacity of 2 GW, as well as joint development of 1 GW solar photovoltaic energy, and 1 GW onshore wind energy projects

"Today, Azerbaijani gas contributes to Europe's energy security," President of Azerbaijan Ilham Aliyev told the joint briefing with the President of Albania Bajram Begaj, Report informs.

European Union calls Azerbaijan a reliable partner, Euronews wrote, Report informs.

There is potential to transport hydrogen through the Southern Gas Corridor (SGC).

Azerbaijan has been an exporter of natural gas to Europe, and Albania has always supported this initiative," Azerbaijani President Ilham Aliyev told a one-on-one meeting with visiting Albanian Prime Minister Edi Rama, Report informs.

Fitch Ratings has affirmed Southern Gas Corridor CJSC's (SGC) senior unsecured Eurobond's long-term foreign-currency rating at BB+

The full commissioning of the Trans-Adriatic Gas Pipeline (TAP) allowed Italy to become an active player in the European gas market and sell natural gas to neighboring countries this winter.