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Home > Bankwatch in the media > Azerbaijani gas pipeline gets $500m in EU public funds

Azerbaijani gas pipeline gets $500m in EU public funds

18 October 2017, Climate Home News

The European Bank of Reconstruction and Development (EBRD) has approved a half billion dollar loan to a pipeline that will link Caspian sea gas fields with southern Italy. The southern gas corridor (SGC) is Europe’s biggest fossil fuel project, estimated to cost $40 billion.

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