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President of Georgian Oil & Gas Corporation Expected

Politics Materials 13 December 2006 13:15 (UTC +04:00)
President of Georgian Oil & Gas Corporation Expected

The President of the Georgian Oil and Gas Corporation, Alexander Khetaguri, will visit Azerbaijan on 13 December 2006 to hold talks on quotas of Shah Deniz gas. Mr. Khetaguri informed Trend Special Correspondent that Baku will host talks among experts on the quotas.

He refused to speak about details achieved in Tbilisi among Energy Ministers of Georgia, Azerbaijan and Turkey, but noted the Baku meeting would not be the last.

Tbilisi wants to achieve increase in supply of Azerbaijan Shah Deniz gas, which will be delivered to Georgia from 15 December. In accordance with the previous agreements, in 2007 Georgia can claim 250mln cu m of Shah Deniz gas amid annual demand for 1.8bln cu m.

During the meeting of Energy Ministers in Tbilisi in the end of the last week the sides reached a principle agreement, which specifies that Turkey is ready to provide its 2007 share of 2.8bln cu m to Georgia and Azerbaijan. Georgia will receive more than 250mln cu m.

Meanwhile, the Georgian Energy Minister informed that a principle agreement in this connection has been achieved. Baku will only clarify the details of a new contract. The sides achieved a preliminary agreement on the volume and price of the Azerbaijani gas, while all details will be known after the meeting in Baku.

Several days ago the Georgian Energy Minister, Nika Gilauri, said in talks with journalists that Georgia hopes to receive 1.5bln cu m of Shah Deniz gas, but did not clarify how realistic the hope is.

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