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SOCAR exports over 200 million cubic meters of gas to Georgia in January-June

Oil&Gas Materials 5 July 2010 15:18 (UTC +04:00)

Azerbaijan, Baku, July 5 / Trend /

In January-June, SOCAR exported about 207.05 million cubic meters of gas to Georgia, SOCAR said.

According to the report, SOCAR exported 11.5 million cubic meters of Azerbaijani gas to Georgia in June.

SOCAR supplies own gas to Georgia within the activity on the Georgian market through a pipeline linking the two countries in the Gazakh district of Azerbaijan. Power flow of gas through this pipeline is about 3 billion cubic meters of gas a year.

Azerbaijan and Georgia signed an agreement in November 2008. It creates the possibility of SOCAR's activity on the Georgian gas market over the next five years, beginning from 2009. According to the memorandum, SOCAR established a subsidiary SOCAR Georgia Gas to implement the project. It provides groups-gas consumers determined by the Georgian government (social group).

SOCAR and the Georgian government signed an agreement to transfer the management of 30 gas distribution networks covering different regions of Georgia in late December 2008.

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