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Georgia no longer needs additional gas from Russia – minister

Business Materials 4 March 2016 17:12 (UTC +04:00)
Georgia doesn’t need to buy additional volumes of natural gas from the Russian energy company ‘Gazprom’ anymore
Georgia no longer needs additional gas from Russia – minister

Georgia doesn't need to buy additional volumes of natural gas from the Russian energy company 'Gazprom' anymore, Georgian Energy Minister Kakha Kaladze said March 4, according to website 'Georgia Online'.

"Negotiations with the 'Gazprom' haven't finished yet and the contract hasn't yet been formalized," said the minister. "We sent them our last proposal a few days ago, which was announced by the Georgian side. The proposal is that we must still get 10 percent of natural gas. We don't need additional volumes at this stage. Georgia will be provided with gas during the next few years."

He said that the Azerbaijani state company SOCAR solved the problem of natural gas supply.

Georgia will receive additional 463 million cubic meters of gas from Azerbaijan. The corresponding agreement was formalized March 4 between Georgia and the SOCAR. The document was signed by Georgian Energy Minister Kakha Kaladze and SOCAR President Rovnag Abdullayev.

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