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Georgia, Romania continue cooperation in AGRI gas pipeline construction

Oil&Gas Materials 7 September 2012 10:15
Georgia and Romania will continue to cooperate in the construction of AGRI (Azerbaijan-Georgia-Romania Interconnector) gas pipeline to transport liquefied natural gas from the Caspian Sea area to Europe, Georgian GHN news agency reported.
Georgia, Romania continue cooperation in AGRI gas pipeline construction

Azerbaijan, Baku, Sept. 7 / Trend E.Tariverdiyeva /

Georgia and Romania will continue to cooperate in the construction of AGRI (Azerbaijan-Georgia-Romania Interconnector) gas pipeline to transport liquefied natural gas from the Caspian Sea area to Europe, Georgian GHN news agency reported.

This agreement was reached during a meeting in Bucharest of Romanian Foreign Minister Titus Corlatean with his Georgian counterpart Grigol Vashadze.

"During the meeting we discussed a number of issues of energy cooperation between Romania and Georgia, including the continuation of cooperation in AGRI gas pipeline construction, which will allow to arrange the liquefied natural gas supplies from the Caspian Sea area to Europe," Corlatean stressed.

In addition to the pipeline, the foreign ministers also discussed the construction of ferry between the sea ports of Romania and Georgia in the Black Sea.

AGRI (Azerbaijan-Georgia-Romania Interconnector) is currently at the stage of a feasibility study development, so the estimated amount of investment that will be needed to implement it, is not yet determined.

Feasibility study will be ready in fall, presumably in September, after which the economically reasonable place for construction of a terminal for liquefied natural gas on the Black Sea coast of Georgia will be determined. Based on this document, the amount of investment required for the implementation of the planned activities on the territory of Georgia will be determined.

A feasibility study of the project is being prepared by a British engineering company Penspen, which was determined on the basis of the tender.

At this stage, the project participants are four states - Azerbaijan, Georgia, Romania and Hungary. In February 2011, the parties established a joint venture for the project - SC AGRI LNG Project Company SRL. The Georgian side is represented by the Oil and Gas Corporation.

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