UK OFSI issues general licence for Shah Deniz project activities

The UK Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2025/7363752 permitting certain activities related to the Shah Deniz gas project, likely involving sanctioned entities. This is a targeted sanctions carve-out, indicating continued Western engagement with the project despite broader restrictions. The specific scope and beneficiaries are not detailed in the notice, leaving uncertainty about which entities and activities are covered.