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.



Print version

Views: 1552

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: