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Minister: Company bid for AGRI feasibility study to be determined in Azerbaijan

Oil&Gas Materials 19 September 2011 18:24 (UTC +04:00)

Azerbaijan, Baku, Sept. 19 / Trend E. Ismayilov /

Seven companies presented the proposals to prepare a feasibility study of the Azerbaijan-Georgia-Romanian Interconnector (AGRI) project, Azerbaijani Industry and Energy Minister Natig Aliyev told media.

He said that at present, the proposals are being examined. A company will be determined at the next meeting of AGRI project participants. The company will prepare a feasibility study.

The preparation of a feasibility study has great importance in terms of Turkmen gas supplies via Azerbaijan.

The capacity of the AGRI Project is considered in three variants - 2 billion cubic meters of gas per year, 5 billion cubic meters and 8 billion cubic meters. According to preliminary data, depending on the project capacity, its costs will vary from 1.2 billion to 4.5 billion euros.

The AGRI 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 via tankers to a terminal at the Romanian port of Constanta.

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