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04.11.2016 18:21

ADB begins lending for southern gas corridor

The Asian Development Bank (ADB) starts lending for CJSC Southern Gas Corridor (CQD/SGC).

According to the Bank, on 25 October the ADB Credit Committee considered the Shah Deniz Gas Field Expansion Project, where CQD is the borrower.

"The request for financing for this project is $500 million," the ADB said.

At the same time, the ADB still does not disclose the terms of project approval by its Board of Directors.

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