US confirms Iran sanctions waiver for Azerbaijan natural gas export pipeline

08 August, 2018
Source: Platts

The Southern Gas Corridor has received a waiver from US 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 while bypassing Russia.

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. Iran's NICO holds a 10% share in the second phase of Shah Deniz, potentially triggering US sanctions against Iran petroleum sector investment.

Members' Only Content!

The full version of this content is available only to IranOilGas Network members.

If you are a member, please login to view this page completely.
If you are intrested in using IranOilGas Network's information, register now.

The full version of this content is available only to IranOilGas Network members.

About IranOilGas Network

Established by highly experienced oil & gas professionals in 2000, IranOilGas Network is the leading independent Iranian oil, gas & petrochemical information network providing a variety of consultancy & information services.

Sign-in to IranOilGas Network