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Georgian Energy Minister Discuss Purchase of Natural Gas from Azerbaijan

Oil&Gas Materials 13 February 2008 16:27 (UTC +04:00)
Georgian Energy Minister Discuss Purchase of Natural Gas  from   Azerbaijan

Azerbaijan, Baku, 13 February / Trend corr. S.Agayeva / On 13 Feb, the negotiations on the electric energy and gas supply from Azerbaijan to Georgia have already started in Baku. Alexander Khetaguri, the Georgian Energy Minister, came to Baku to hold the negotiations. The Georgian Minister held the meetings in the Industry and Energy Ministry of Azerbaijan, the Georgian Embassy in Baku reported.

There are plans that the Georgian Minister will meet with Rovnag Abdullayev, the head of State Oil Company of Azerbaijan (SOCAR), on 13 February.

Azerbaijan may supply 500mln cu m of gas per year to Georgia, despite of the country's demand for 1 to 1.5bln cu m of gas per year, Natik Aliyev, the Azerbaijani Industry and Energy Minister, stated. Georgia is ready to purchase gas from Azerbaijan at $180-$190 per 1,000 cu m. In 2007, Georgia purchased gas from Azerbaijan at $120 per 1,000cu m.

Azerbaijan will restore the gas supply to Georgia, after the signing of an agreement. The gas supply will be carried out, in compliance with the contract signed with SOCAR. SOCAR produces the gas in its own fields. Azerbaijan delivered 1.3-1.5mln cu m of gas per day to Georgia. The gas is transported to Georgian border through the gas transporting lines of Azerigas.

The correspondent can be contacted at: [email protected]

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