Azerbaijan, Georgia, Romania to discuss establishment of JV in Tbilisi
Georgia, Tbilisi, May 11 / Trend N. Kirtskhalia /
Azerbaijan, Georgia and Romania are considering establishment of a joint company to realize transportation of liquefied gas to Europe, the Georgian Ministry of Energy said.
A ministerial conference on the implementation of Azerbaijan-Georgian-Romanian project on the transportation of Azerbaijani liquefied gas to Europe will be held in Tbilisi May 12.
Azerbaijani energy minister Natiq Aliyev, his Georgian counterpart Alexander Khetaguri, Romanian Minister of Economy, Trade and Business Adrean Vidianu will attend the conference, the Georgian Ministry of Energy told Trend.
The parties will discuss the implementation of the memorandum, signed by the three countries on April 13 in Bucharest. It involves the delivery of liquefied natural gas from Azerbaijan through Georgia and Romania and the construction of two terminals for liquefied natural gas to Georgia and Romania.
In accordance with the memorandum, the parties expressed their intention to promote energy transit corridor connecting the Caspian region and Europe as a part of the Southern Corridor.
A decision was made to sell gas and use underground storage facilities of Romania, as well as research opportunities for increased cooperation between the relevant agencies, working in the field of energy. The Romanian side's proposal to create a company in Bucharest to develop a feasibility study and determine technical, technological, financial and legal aspects of the project Azerbaijan-Georgia-Romania Interconnector was also approved.