{"id":109097,"date":"2025-11-04T00:00:00","date_gmt":"2025-11-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/xrg-wants-a-piece-of-azerbaijans-southern-gas-corridor\/"},"modified":"2025-11-04T00:00:00","modified_gmt":"2025-11-04T00:00:00","slug":"xrg-wants-a-piece-of-azerbaijans-southern-gas-corridor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/11\/04\/xrg-wants-a-piece-of-azerbaijans-southern-gas-corridor\/","title":{"rendered":"XRG wants a piece of Azerbaijan\u2019s Southern Gas Corridor"},"content":{"rendered":"

XRG<\/strong> buys into Azerbaijani state-owned energy player SGC:<\/strong> Adnoc\u2019s global investment arm XRG inked a non-binding preliminary agreement to purchase an undisclosed stake in Azerbaijani energy holding company Southern Gas Corridor (SGC) from Azerbaijan\u2019s Economy Ministry for an undisclosed amount, state news agency Wam<\/a> reports. <\/p>\n

SGC\u2019s assets include operating gas fields and a 3.5k-km pipeline network<\/strong> running from the Caspian through Turkey to southern Europe, with a capacity to deliver up to 26 bcm a year.<\/span><\/p>\n

The agreement would deepen XRG\u2019s presence in the Caspian region<\/strong> where it already holds a 30% stake in the Absheron gas field alongside the State Oil Company of Azerbaijan (Socar) and a 38% interest in Turkmenistan\u2019s offshore Block I concession. Socar, in turn, owns a 3% stake in Abu Dhabi\u2019s SARB and Umm Lulu concessions, acquired from Adnoc in 2024.<\/a> <\/p>\n

Expanding east and west: <\/strong>XRG is also said to be in early talks to invest<\/a> in Argentine energy firm YPF\u2019s LNG project, which aims to produce 28 mn tons a year. The discussions are part of XRG\u2019s broader push into LNG across the US, Latin America, and Asia. <\/p>\n

IN OTHER SOCAR TIE-UPS-<\/p>\n

Oil and gas company <\/strong>Dragon Oil<\/a><\/strong> signed an agreement with Azerbaijani Socar and Socar<\/strong> Trading to expand joint cooperation<\/strong> across exploration, production, development, marketing, and potential projects in oil and gas, Al Khaleej<\/a> reports. The partnership supports Dragon Oil\u2019s international expansion agenda and aligns with UAE-Azerbaijan strategic energy cooperation, and the focus on the Caspian markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

SGC\u2019s assets include operating gas fields and a 3.5k-km pipeline network running from the Caspian through Turkey to southern Europe<\/p>\n","protected":false},"author":1,"featured_media":109098,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[57,143,7,60,266,56],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-109097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-adnoc","tag-energy","tag-enterpriseam-uae","tag-ma-watch","tag-oil-and-gas","tag-uae-azerbaijan-relations","wpautop","entry"],"acf":{"mongo_id":"18744aa0-dde8-4745-bdc2-ee3009fc335c","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/194.jpg","photo_position":"above","homepage_title":"","full_issue_title":"XRG wants a piece of Azerbaijani energy firm Southern Gas Corridor","related_issue":[109090],"teaser":"SGC\u2019s assets include operating gas fields and a 3.5k-km pipeline network running from the Caspian through Turkey to southern Europe","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.f18ec05d-154c-439d-b3cd-0cff041c65d3.mp3"},"yoast_head":"\nXRG wants a piece of Azerbaijan\u2019s Southern Gas Corridor - 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