Azerbaijan strategic ally of Georgia in gas supplies - deputy minister

Azerbaijan strategic ally of Georgia in gas supplies - deputy minister

Georgia hasn't yet made a decision on the transportation of gas from Iran, because Azerbaijan is a strategic ally of the country in terms of gas supplies, Georgian Deputy Energy Minister Mariam Valishvili said on the air to GDS Georgian TV channel, Georgia Online news agency reported.

"If it's impossible to completely have the Azerbaijani resource in terms of meeting price and volumes, of course, Iran is considered as an additional opportunity," Valishvili said. "Iranian gas currently costs more than that of Azerbaijan and Russia."

"Consequently, the reality is, that the natural gas price dynamics changes," she said. "Its price is more dependent on oil prices. Therefore, we hope that it will be more reasonable to consider commercial details after Iranian natural gas becomes an international product."

Georgia imported 1.51 million tons of oil equivalent of natural gas in the amount of $314.3 million from Azerbaijan in 2015, Georgia's National Statistics Service's report said.

On an annualized basis, the volumes of Georgian natural gas imports from Azerbaijan in terms of value increased by 9.4 percent, in quantitative terms - by 127,170 tons of oil equivalent, or by 9.2 percent.

Specific weight of gas amounted to 57.9 percent in total volume of imports from Azerbaijan to Georgia for this period.

Azerbaijan is the main supplier of this type of fuel to Georgia with a specific weight of 74.9 percent of total imports in this category.

Over the past year, Georgia imported gas in the amount of $419.44 million as a whole, the report said.

The rest of the gas was supplied by Russia and other sources.

Azerbaijan exports its gas to Georgia through a pipeline linking the two countries in the Azerbaijan's Gazakh district. Power flow of gas through this pipeline is more than 2.5 billion cubic meters (bcm) per year.

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