The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, S&P Global Platts reported.
BP had been seeking a sanctions waiver for its development of Azerbaijan's offshore Shah Deniz fields, the source of the Southern Gas Corridor's natural gas. Iran's NICO holds a 10% share in the second phase of Shah Deniz, potentially triggering US sanctions against Iran petroleum sector investment.
US energy sector sanctions being re-imposed November 4 will ban companies from the US financial system if they continue to do business with Iran.
Trump's order contained a "natural gas project exception" that describes the Southern Gas Corridor without naming it.
A ceremony to launch Phase 0 of TANAP took place June 12 in the Turkish city of Eskisehir.
TANAP, together with Trans-Adriatic Pipeline (TAP), is a part of the Southern Gas Corridor, which provides for the transportation of gas from the Azerbaijani field Shah Deniz to Europe.
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