SOCAR: Romania will hold negotiations on financing feasibility study for AGRI
Azerbaijan, Baku, Sept.18 / Trend E. Ismayilov /
Romania is entrusted to hold negotiations with the European Union to attract funds for preparation of a feasibility study for the AGRI project (Azerbaijan-Georgia-Romania Interconnector), the head of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said today.
Abdullayev said it will be possible to speak about the project details and its exact cost after preparation of the feasibility study. According to Abdullayev, 2-3 million euro is needed to prepare the feasibility study.
AGRI is the Azerbaijani-Georgian-Romanian project on transportation of liquefied gas to Europe.
The project to supply Azerbaijani liquefied natural gas to Romania envisages the construction of two terminals for liquefied natural gas - one in Georgia and the other in Romania. According to preliminary data, the project will cost 4.6 billion euro.
The project envisages transporting Azerbaijani gas via pipelines to the Black Sea coast of Georgia, where the gas will be liquefied at a special terminal. The gas will then be delivered to a terminal at the Romanian port of Constanta via tankers.