Swordsmyth
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- Apr 14, 2016
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The U.S. is granting an Iran sanctions waiver to the Southern Gas Corridor natural gas pipeline projects designed to carry Azeri gas from the Caspian Sea to Turkey and onto Europe by-passing Russia.
Iran’s NICO holds a 10-percent stake in the Shah Deniz consortium that is developing the Shah Deniz 2 gas deposit in Azerbaijan, which will be the starting point for the Southern Gas Corridor.
The executive order signed by U.S. President Donald Trump on Monday contains a “Natural Gas Project Exception” which describes the Southern Gas Corridor without naming it.
The natural gas project exemption is referencing the Iran Threat Reduction and Syria Human Rights Act of 2012, which stipulates that the act has exceptions for certain natural gas projects “for the development of natural gas and the construction and operation of a pipeline to transport natural gas from Azerbaijan to Turkey and Europe”, and “that provides to Turkey and countries in Europe energy security and energy independence from the Government of the Russian Federation.”
More at: https://oilprice.com/Latest-Energy-...anctions-Waiver-To-Southern-Gas-Corridor.html
Iran’s NICO holds a 10-percent stake in the Shah Deniz consortium that is developing the Shah Deniz 2 gas deposit in Azerbaijan, which will be the starting point for the Southern Gas Corridor.
The executive order signed by U.S. President Donald Trump on Monday contains a “Natural Gas Project Exception” which describes the Southern Gas Corridor without naming it.
The natural gas project exemption is referencing the Iran Threat Reduction and Syria Human Rights Act of 2012, which stipulates that the act has exceptions for certain natural gas projects “for the development of natural gas and the construction and operation of a pipeline to transport natural gas from Azerbaijan to Turkey and Europe”, and “that provides to Turkey and countries in Europe energy security and energy independence from the Government of the Russian Federation.”
More at: https://oilprice.com/Latest-Energy-...anctions-Waiver-To-Southern-Gas-Corridor.html
