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Georgian Oil and Gas Corporation auctions gas from eastern field

Oil&Gas Materials 13 September 2012 10:47 (UTC +04:00)

Georgia, Tbilisi, Sept. 13 / Trend N. Kirtzkhalia /

The Georgian Oil and Gas Corporation sold gas, produced from the field Ninotsminda (Kakheti, eastern Georgia), under auction announced on September 6, the corporation told Trend today. The gas was sold to the International Energy Corporation.

The company will pay $265 per 1000 cubic meters of gas. To date around two million cubic meters of gas have been bought. The starting price on gas was $260.

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