TODAY.AZ / Business

Georgia seeks to buy more cheap Shah-Deniz gas

27 April 2006 [12:47] - TODAY.AZ
Georgian Energy Minister Nika Gilauri said on April 26 that Georgia wants the right to purchase more gas shipped through the Baku-Tbilisi-Erzrum pipeline at a reduced price than is envisaged by the current contract.

After construction of the Baku-Tbilisi-Erzrum gas pipeline, Georgia will receive 5% of the natural gas transported from Azerbaijan to Turkey as a transit country. Georgia will also purchase an additional half billion cubic meters of gas per year at a reduced price - USD 55 per 1000 cubic meters for the next 20 years.

"Negotiations are currently under way with Azerbaijan and other contracting partners to increase Georgia's share - I mean the amount of gas that Georgia can additionally purchase," Nika Gilauri said.

According to Civil Georgia online magazine, Gilauri made these remarks at a news conference, which was held jointly by all members of the cabinet for a large group of Georgian journalists.

/www.civil.ge/

URL: http://www.today.az/news/business/25578.html

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