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Energy
Abu Dhabi, UAE – 15 September 2026: XRG today announced the completion of its acquisition of an equity stake in Southern Gas Corridor CJSC (SGC) from the Ministry of Economy of the Republic of Azerbaijan, following the satisfaction of all conditions precedent and receipt of customary regulatory approvals. The completion represents a major milestone in XRG’s strategy to build an integrated and resilient gas position across the Caspian region. By combining participation in strategic export infrastructure with upstream investments in Azerbaijan’s Absheron gas and condensate field and Turkmenistan’s offshore Block I concession, XRG is helping connect high-quality Caspian resources with established routes to growing regional and European markets.

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