Southern Gas Corridor CJSC selects auditor for 2019-2021

Oil&Gas Materials 5 December 2019 14:51 (UTC +04:00)
Southern Gas Corridor CJSC selects auditor for 2019-2021

BAKU, Azerbaijan, Dec.5

By Leman Zeynalova – Trend:

Ernst & Young Holdings (CIS) B.V. has been selected as the independent auditor of the consolidated financial statement of Azerbaijan’s Southern Gas Corridor CJSC, Trend reports citing etender.gov.az.

The audit will be conducted for a period from January 1, 2019 to December 31, 2021 for each yearly financial statement.

The Southern Gas Corridor CJSC was established with the purpose of consolidating, managing and financing Azerbaijani state’s interests in the Southern Gas Corridor projects.

The Southern Gas Corridor is one of the priority projects for the EU and envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.

The launching ceremony of the first stage of the Southern Gas Corridor was held in Baku on May 29, 2018, while opening ceremony of TANAP’s Phase 0 was held on June 12, 2018 in the Turkish city of Eskisehir. TANAP-Europe connection was opened on Nov.30 in Ipsala, Edirne, Turkey.

Trans-Adriatic Pipeline (TAP) and Trans-Anatolian Natural Gas Pipeline (TANAP) were connected on the Turkish-Greek border.


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