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Georgian oil and gas corporation announces auction on gas sale

Oil&Gas Materials 14 August 2009 16:59 (UTC +04:00)

Georgia, Tbilisi, August 14/ Trend , N.Kirtskhalia /

Oil and Gas Corporation of Georgia announced an auction for the sale of gas, the corporation said.
All interested people and potential buyers are invited to participate in the auction offering natural gas produced on the Ninotsminda field, in the volume of one million cubic meters.

Gas supply will take place within 90 days after the agreement of sale (this period may be extended by agreement between the parties).

Auction will take place at the initial price of $230 per 1000 cubic meters.

Applications for participation in the auction and other documents must be submitted before 17:00 on 20 August.
Auction will take place on 21 August at 16:00.

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