8 Hrs
Source:
اقتصاد سكاي نيوز عربية
XRG acquires stake in Southern Gas Corridor
XRG has completed the acquisition of an ownership stake in the South Gas Corridor company from the Ministry of Economy of Azerbaijan, a move that strengthens its strategy to establish a presence in the Caspian Sea gas market. This transaction, which has met all regulatory requirements, represents an important addition that helps connect high-quality gas resources from the Caspian Sea with reliable export routes through a pipeline network spanning approximately 3,500 kilometers to Southern Europe. XRG holds shares in various fields and licenses and is working to expand its influence in the energy sector to enhance supply security and diversify export markets, with a particular focus on strengthening cooperation with Azerbaijan and Turkmenistan.
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