President Ilham Aliyev thanked U.S. and UK governments for supporting Southern Gas Corridor Project


May 29, Fineko/ Azerbaijani President Ilham Aliyev is taking part in the ceremony of opening of the Southern Gas Corridor Project.

During the ceremony the head of state stated that $40 bn was invested in implementation of the SGC Project, and Azerbaijan's approved gas resources amount to 2.6 trillion cu m.

"Realization of this project will hardly be possible without international cooperation and format of strong regional cooperation between Azerbaijan, Turkey and Georgia has formed when implementing the project. I want to thank the U.S. government, which provided political, economic and moral support to the project. The project required a lot of resources, and we received this support from the banks. Also, this support was provided during implementation of Baku-Tbilisi-Ceyhan Project. The UK government also gave its support, and last year an agreement was signed with the Prime Minister of this country," President Aliyev said.

He pointed out that the European Union constantly supports realization of energy projects.

"I also thank the International Finance Corporation, which supported the project. Azerbaijan is a trusted partner. We have returned all borrowings, and are going to return them in due time further," President Aliyev said.