XRG Seals Deal on Southern Gas Corridor Equity Stake

XRG has completed its acquisition of an equity stake in Southern Gas Corridor CJSC (SGC), a critical 3500-km integrated network transporting natural gas from Azerbaijan to Southern Europe. The completion represents a major milestone in XRG's strategy to build an integrated and resilient gas position across the Caspian region.

By combining participation in strategic export infrastructure with upstream investments in Azerbaijan's Absheron gas and condensate field and Turkmenistan's offshore Block I concession, XRG is helping connect high-quality Caspian resources with established routes to growing regional and European markets.

The Southern Gas Corridor has capacity to deliver up to 26 billion m3/y of natural gas, supporting the reliability and diversification of energy supplies while reinforcing Azerbaijan's role as a long-term and trusted energy partner. Mohamed Al Aryani, President, International Gas at XRG, said: 'This completion is a defining step in the development of XRG's integrated Caspian strategy.'