Azerbaijan, Baku, August 24 / Trend , E.Ismaylov /
The investment envisaged for the first year of the three-year program on gasification of 31 gas situations in Georgia, which are in use of SOCAR Georgia Gas (a subsidiary of SOCAR Energy Georgia) totals 48 million lari (over $28.6 million), SOCAR Georgia Gas said on August 24. SOCAR Energy Georgia is a subsidiary of SOCAR (State Oil Company of Azerbaijan).
"These funds will be spent on constructing gas distribution networks, with a total length of up to 800 kilometers for 57,000 new potential customers," the same source said.
Designing within the gasification and gas infrastructure rehabilitation completed and large-scale construction and installation work launched.
"At the initial stage, the estimated minimum amount of investment in this project was $40 million, this was a minimum limit, the cost of the gasification, regarding rehabilitation of distribution networks may take approximately $70-80 million," said the same source said formerly.
At present a gasification process is ongoing and it is planned to start gas supplies in many rural areas in September.
Earlier, Head of SOCAR Georgia Gas Anar Mammadov said demand of the gas filling stations of the company is about 80-90 million cubic meters per year. The company plans to increase number of subscribers from 60,000 to 150,000 in total, Mammadov said earlier.
On Dec. 26, SOCAR and the Georgian Government signed an agreement to operate 30 gas supply grids and gas distribution networks in the Kakheti, Mtskheta-Mtianeti, Shida and Kvemo Kartli, Ajaria, Guria, Imereti, Samegrelo regions of Georgia. These networks are operated by 24 companies.
In April, SOCAR Energy Georgia acquired a gas distribution network in the Marneuli region populated by Azerbaijani community. Marneuli has 31 gas supply grids operated by SOCAR Georgia.
Gas distribution networks in Marneuli were previously owned Wissol, which bought gas from SOCAR and was selling it in Marneuli. Now the whole cycle of works in this direction will be implemented by SOCAR Energy Georgia.
40-million investment program covers purchase, development and management of distribution networks.
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