Ambassador: Georgia managed to strengthen its energy security thanks to Azerbaijan

Ambassador: Georgia managed to strengthen its energy security thanks to Azerbaijan

Azerbaijan, Baku, Feb. 28 / Trend E.Tariverdiyeva /

Georgia has managed to strengthen its energy security and reduce the energy dependence on Russia to almost zero with the help of Azerbaijan, newly appointed Georgian Ambassador to Azerbaijan Teymuraz Sharashenidze said in an interview with Trend.

"Azerbaijan's support is important in the implementation of the projects that are considered in the framework of the EU Eastern Partnership Program," he said.

Sharashenidze said the development of the initiatives of the Southern Corridor and the practical implementation of other global energy projects - Nabucco, Trans Caspian, White Stream and Euro-Asian Oil Transportation Corridor, will contribute to a significant increase of the energy security of the participating countries.

The Georgian side, he said, welcomes the Baku Declaration on the Azerbaijan-Georgia-Romania Interconnector (AGRI) pipeline project signed by the presidents of the three countries and the Hungarian prime minister.

Based on this, the work is underway on financing and realization of the project on the construction of a liquefied natural gas terminal, Sharashenidze said.

"The realization of these projects will provide diversification of energy supplies to Europe and strengthen the energy security of European countries," Sharashenidze said. "This is especially important now, when the North Africa providing a large part of energy to Europe is shaken by social revolts."
The Southern Corridor will be given more attention due to this, he said.

"In early October 2010, the Azerbaijani and Georgian sides signed a memorandum on cooperation between the two countries' power grids, which provides for the restoration of the Azerbaijani-Georgian high-voltage trunk line," he said.

He said it will be possible to export power to Turkey and further to Europe with Azerbaijan's accession to the Georgian-Turkish high-voltage trunk line.

Sherashenidze noted that Georgia greatly appreciates the involvement of Azerbaijani investments in the construction of high voltage power lines, as well as the implementation of works on designing commissioning of power plants of small and medium-sized capacities.


Sherashenidze believes the State Oil Company of the Azerbaijan Republic (SOCAR) occupies a special place in the development of the economic relations.
"SOCAR is the leading foreign company on the transfer of taxes to the Georgian state budget," he said.

At the annual awards ceremony of the leading companies in 2010, Sharashenidze said, SOCAR took the first place in four categories: as the largest taxpayer company, the largest investor, the company having the best infrastructure at oil and oil-products terminals - a Black Sea terminal of Kulevi and the company with the best infrastructure of filling stations.

He said SOCAR as the company, which won the tender for the gasification of the Georgian regions of Georgia, except Tbilisi, undertakes gradual construction of the gas system in the country.

"We hope that soon the company will meet its obligations and in time finish updating and renovation of the entire gas system, thus making an immeasurable contribution in the improving of Georgian peoples' life and Georgian entrepreneurs' activities," he said.

Trade and economic relations between Georgia and Azerbaijan

The development of the Azerbaijan- Georgia trade and economic relations is an example not only for the South Caucasus region, Sharashenidze said.

"We have a strong and exemplary cooperation in this field. The trade turnover between our countries totaled $708 million over the past year. This figure rose by $162 million compared to 2009. Our goal is to use existing capacity and increase trade between our countries," he said.

"The energy sphere is given a particularly important role in our economic and trade relations," he said.

"The Georgian side is pleased to note the participation of the Azerbaijani capital in economic projects implemented in Georgia. Ongoing reforms in Georgia, such as combating corruption, simplification of procedures to start business activities, reformation of legislation on protection of foreign investments and liberation of capital from tax at the initial stage of the activities provide an opportunity for foreign investors to deploy their activities in Georgia without any risk," Sharashenidze said.

The countries give a special significance to the transport sector in the realization of strategic objectives, he said citing the "historic Baku-Tbilisi-Kars railway project" as an example.

"We are also pleased to note the increase in freight traffic along the TRACECA route with the use of land lines "Georgia-Azerbaijan ", with the subsequent delivery to the Central Asia countries," he added.

The Azerbaijani-Georgian dynamic relations in the field of tourism also should be noted. In 2010, the number of tourists increased by 17 percent and amounted to about half a million people compared to 2009, he said.

Georgia, Sharashenidze said, welcomes the participation of the Azerbaijani business in the tourist areas, as well as a free industrial zone - the city of Poti. On Feb.8, Baku hosted the presentation of the Poti free industrial zone, which caused great interest among the Azerbaijani entrepreneurs and businessmen, he said.

"In addition, it is reasonable to build collaborative efforts at the state and private sectors to deepen economic and trade ties: it is an intergovernmental commission, as well as business forums, individual business meetings and individual relations between firms. The process is underway, but we should improve it," Sharashenidze said.

Subscribe to Trend in Google News! Subscribe
Azerbaijan's Finance Ministry to auction gov't bonds via Baku Stock Exchange
Azerbaijan's Finance Ministry to auction gov't bonds via Baku Stock Exchange
Policy and Management Consulting Group shares data on Georgia’s economic outlook
Policy and Management Consulting Group shares data on Georgia’s economic outlook
Georgia’s economic climate remains stable – PMC
Georgia’s economic climate remains stable – PMC
Loading Bars
UK records more than 50,000 new coronavirus cases
Italy's economy projected to grow 6.3 pct this year
Kazakhstan decreases petroleum gas export to Hungary amid global pandemic
Militants kill 7 soldiers in Nigeria's northeastern Borno state
Iran nuclear talks adjourn, resume next week
South Africa hit by fourth COVID wave driven by Omicron
Budget for social rehabilitation and childcare to reach 52 mln GEL next year, Georgian PM says
Putin informs Erdogan on main results of Sochi trilateral meeting
Turkey introduces action plan to improve lives of the disabled
Construction of 50MW solar power plant underway in Kazakhstan
Azerbaijani FM, OSCE rep exchange views on OSCE Charter (PHOTO)
Human remains discovered in Caspian Sea and recovered - SOCAR
Iran highlights need for more customs cooperation with Pakistan
bp discloses investments in construction of power plant in liberated Azerbaijani lands
Turkmen gas may be supplied to Europe via Caspian Connector project - ambassador
Turkish, Russian Presidents hold phone talks
Azerbaijan’s Pasha Holding talks about development strategy
Azerbaijan's Heydar Aliyev Foundation, UNICEF sign another memorandum of understanding (PHOTO)
Azerbaijan shares data on number of vaccinated citizens
Azerbaijani, Turkish military pilots conduct joint training flights in Baku (PHOTO/VIDEO)
Azerbaijan confirms 1,703 more COVID-19 cases, 2,180 recoveries
Turkmenistan can supply natural gas to European market until 2050 - ambassador
Azerbaijan discloses export volume of petroleum coke
Azerbaijan's Finance Ministry to auction gov't bonds via Baku Stock Exchange
SOCAR begins testing of new mobile diving complex
Israeli co Fireblocks raising $400m at $8b valuation
Croatia remains one of Russia’s key partners in EU
Value of goods transported via road increases in Azerbaijan
U.S. job growth misses expectations in Nov.
Policy and Management Consulting Group shares data on Georgia’s economic outlook
Georgia, Qatar discuss favorable investment climate
Price indexes of financial, trade sectors at Uzbek stock exchange fall
Uzbekneftegaz obtains new industrial gas flow from Kulbeshkak field
Uzbek Statistics Committee shares data on imports of meat for 10M2021
Georgia’s economic climate remains stable – PMC
Uzbekistan reveals volume of bank loans allocated to various sectors of economy
Iran, Turkmenistan and Azerbaijan gas swap - win-win deal, says Iranian analyst
FMs of Azerbaijan, Poland hold meeting within OSCE Ministerial Council
Co-op between Turkmenistan, EU to focus on improving business climate till 2027
Azerbaijan's food import volume down for 10M2021
Zones free from animal diseases being created in Azerbaijan’s Karabakh, East Zangazur
Azerbaijan considers opening Indonesian Chamber of Commerce
Azerbaijan increases chemical production volume for 10M2021
Azerbaijan, Turkey begin work on establishing joint university - minister
Azerbaijan’s liberated territories have several types of renewable energy sources– RES agency
Azerbaijani parliament adopts amendment to servicemen insurance law
Azerbaijan may exempt sale of electric cars from VAT
Azerbaijan introduces excise taxes on electronic cigarettes, shisha
Concept for creation of "green energy" zone in Azerbaijan’s liberated territories prepared
Transaction to sell Chinese oil company’s stake in Azerbaijan closed
Output volume at Azerbaijan’s Kursangi, Garabagli fields revealed
Austrian interior minister becomes candidate for country’s next chancellor
Azerbaijan begins geological exploration at Tutkhun gold deposit in Kalbajar
Iran to import hay from Russia
Uzbek home appliance manufacturer Artel joins United Nations Global Compact
Economic stability - framework of Iran`s next year budget
BioNTech CEO confident of quickly adapting vaccine for Omicron
Situation is still fragile in South Caucasus - OSCE Chairperson-in-Office
Azerbaijan to strengthen social protection of population in 2022 – PM
Azerbaijan may exempt import of books and paper from VAT
Iran reveals its non-oil trade in 7 months
Iran aims to build new oil, gas refineries amid growing consumption
Uzbek Central Bank shares data on leading banks in terms of loans
Azerbaijani PM talks on measures to curb price increase
Iran seeks to establish joint banking network with Syria
Azerbaijan to expand agriculture dev’t in Karabakh in 2020 – minister
Demining of water basins in Azerbaijan's liberated Fuzuli, Aghdam underway - ministry
Azerbaijan removes electronic bracelets from 134 convicts within amnesty act
India seeks strong ties with EU, cooperation in transition to clean energy
Dubai's DP World pulls out of Haifa port privatisation bid
Azerbaijani Artillery Units hold live-fire exercises (PHOTO/VIDEO)
Azerbaijan to change state duties on issuing registration plates of road vehicles
Georgian business sector sees average monthly salary increase
Cementing ties with France, UAE places $19 bln order for warplanes, helicopters
Azerbaijan preparing development strategy for Karabakh - Karabakh Revival Fund (PHOTO)
Man of Armenian origin who attacked Azerbaijani soldier neutralized – MoD
Azerbaijan releases 14 prisoners from correctional institution № 16 as part of amnesty act (PHOTO)
Azerbaijan releases 122 prisoners from correctional institution within amnesty act (PHOTO)
Australia calls on Azerbaijan, Armenia to delimit and demarcate state borders
Azerbaijan sees growth of trading via Baku Stock Exchange
Azerbaijan to release 65 female prisoners within act of amnesty
Georgia’s domestic supply of natural gas slightly decreases
Azerbaijan clears almost half of "Araz Valley Economic Zone" Industrial Park of mines - minister
Azerbaijan releases seven prisoners within act of amnesty (PHOTO)
Azernews newspaper selected as media partner of ECO from Azerbaijan (PHOTO)
bp is first company to use flexible approach in management of energy resources during pandemic
Turkey’s fuel exports to Georgia plummet
EU firms in infrastructure sector spent higher share of their investment on energy efficiency
Azerbaijan to strengthen control over allocation of subsidies
Share of EU firms investing in improving energy efficiency falls
Partnered with Azerbaijani banks, VISA actively developing technologies for issuing digital cards
Azerbaijan expands list of goods not covered by VAT refund
Georgia’s electricity exports triple
Azerbaijan’s justice ministry talks number of people released under amnesty act (PHOTO)
Further strengthening of Azerbaijan's army is one of important tasks – PM
Azerbaijan discloses expenses on COVID-19 vaccination
Opening of Zangazur corridor is one of most important issues – PM
Azerbaijani Parliament adopts amendments to Tax Code
Over half of EU firms affected by physical climate change risks
Russia records over 32,900 COVID-19 cases in last 24 hours
All news