Azerbaijani, Georgian and Romanian presidents to hold meeting on joint gas project
Azerbaijan, Baku, Aug.6 / Trend, S.Aliyev /
Sept.14, Baku will host the Azerbaijani President Ilham Aliyev, the Georgian President Mikheil Saakashvili and the Romanian President Traian Basescu's meeting to support the project of gas supplies on the route Azerbaijan-Georgia-Romania Interconnection, the Ministry of Industry and Energy said.
The sides will sign a Baku declaration on the results of the upcoming summit.
Baku will host a meeting of working groups to coordinate all necessary documents Sept.6.
Also a meeting at the level of energy ministers of the three countries will be held Sept. 13 in Baku . The Baku summit will be attended European Commission President Jose Manuel Barroso and EU Energy Commissioner Günther Oettinger.
Earlier, a trilateral working group, which will be engaged in establishment of the JV, was created within the Azerbaijan-Georgia-Romania Interconnection.
It's expected that the process of establishment of the JV in Romania will end in autumn, which will consist of representatives of all three participating states of this project. At the initial stage the JV will prepare a feasibility study, and, then, the company will search investment and construct terminals in Georgia and Romania, as well as construct the infrastructure in all three participating countries. Since September, the JV will able to announce a tender for the preparation of feasibility study.
Romania, Azerbaijan and Georgia signed a memorandum on liquefied gas transportation in Bucharest April 13.
The agreement involves liquefied gas deliveries 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 Romania's underground storage facilities, as well as to engage in research opportunities for increased cooperation between relevant energy agencies.