17:00 - 5.12.2025

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December 5, Fineko/abc.az. Fitch Ratings forecasts stable revenue for Southern Gas Corridor (SGC) from gas transportation at approx. $1.5 billion per year in 2025–2028.

ABC.AZ reports, referring to Fitch Ratings, that capex on average at $0.2 billion a year over 2025-2028.

According to Fitch, at August 31, 2025, SGC had $2.3 billion of cash and deposits and $1.5 billion of funds under the treasury agreement with SOCAR Capital. The $2 billion Eurobond matures in March 2026, and we expect SGC to repay it from available funds. Maturities in 2025-2028 include only moderate amortisation payments on its bank loans of around $0.12 billion a year. We expect SGC to generate positive pre-dividend free cash flow over 2025-2028.

SGC's debt includes a Eurobond of $2 billion and loans from development banks due 2032-2046 totalling $1.5 billion, including the European Bank for Reconstruction and Development, the Asian Infrastructure Investment Bank, the International Bank for Reconstruction and Development and the Asian Development Bank," Fitch noted.