AGRI company announces tender for proposals for preparation of feasibility study

Azerbaijan, Baku, Dec. 5 /Trend/

SC AGRI LNG Project Company SRL (AGRI) announced the tender for proposals related to the preparation of the feasibility study, the scope of which is to assess the technical, financial and economical viability of the energy cooperation project named Azerbaijan - Georgia - Romania - Hungary Interconnector, says the statement of SOCAR (State Oil Company of Azerbaijan Republic) published on Monday.

AGRI Company invited all the companies having necessary experience and capability to carry out the feasibility study to submit their Proposals by the 19th of January 2012. The terms of the tender are available at the following link: http://agrilng.com/agrilng/Home/Actualitati

The Shareholders of AGRI are SOCAR, Georgian Oil and Gas Corporation, MVM from Hungary and Romanian "Romgaz". The Chairman of the AGRI Company Board of Directors is SOCAR Deputy Vice-President Vitaliy Baylarbayev.

Azerbaijan-Georgia-Romania Interconnector (AGRI) project based on the Azerbaijani liquefied gas supplies through the Black Sea coast of Georgia to Romania.

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