Azerbaijan to Re-establish Gas Supply to Georgia in Coming Days

Oil&Gas Materials 14 February 2008 19:29 (UTC +04:00)

Azerbaijan, Baku, 14 February /corr. Trend S.Aliyev / Azerbaijan's Azerigaz JSC will re-establish the gas supply to Georgia in the coming days, the Deputy Chairman of Azerigaz, Nazim Samadzade, said on 14 February.

Last year, the contract was signed to supply 60mln cu.m of gas to Georgia. This volume was fully covered (for $120 per thous. cu.m), but 10mln cu.m remained unsupplied, Samadzade said. In Feb, Azerigaz intends to supply this volume. Last year, Azerbaijan supplied nearly 1.3mln cu.m of gas per day.

At present, new agreements for the gas supply to Georgia are being discussed. This year the contract will be signed not with Azerigaz, but with the State Oil Company of Azerbaijan Republic. The agreement on the gas supplies from Azerbaijan to Georgia and its capacity will be reached in March.

Azerbaijani officials stated earlier that the Country may provide 500mln cu.m of gas to Georgia per year, irrespective of its demand in volume of 1-1.5bln cu.m per year. In 2008, the gas price will be increased. Georgia is prepared to purchase Azerbaijani gas for $180-$190 per thous. cu.m.

SOCAR possesses its own gas, developed independently in its fields.

The correspondent can be contacted at: seymur