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Supplying Azerbaijani gas to Romania will play important role in European energy security

Oil&Gas Materials 13 April 2010 19:58
Azerbaijan-Georgia-Romania Interconnector Project will play an important role in energy security not only in Azerbaijan, Romania and Georgia, but also across Europe, especially in South-Eastern Europe, the Minister of Economy, Commerce and Business Environment of Romania Adriean Videanu said to press conference after signing a memorandum of understanding on cooperation in the field of liquefied gas and its transportation, the Azerbaijani Embassy in Romania reported.
Supplying Azerbaijani gas to Romania will play important role in European energy security

Azerbaijan, Baku, April 13 /Trend/

Azerbaijan-Georgia-Romania Interconnector Project will play an important role in energy security not only in Azerbaijan, Romania and Georgia, but also across Europe, especially in South-Eastern Europe, the Minister of Economy, Commerce and Business Environment of Romania Adriean Videanu said to press conference after signing a memorandum of understanding on cooperation in the field of liquefied gas and its transportation, the Azerbaijani Embassy in Romania reported.

The project envisages transporting Azerbaijani gas via pipelines to the Black Sea coast of Georgia, where the gas will be liquefied at a special terminal, after which the gas will be delivered to the terminal in the Romanian port of Constanta by tankers. Later the liquefied gas will be brought into the state of natural gas and using the gas infrastructure available throughout the country will be sent to cover the needs of Romania and other European countries.

Today Azerbaijan, Georgia and Romania signed a memorandum on cooperation in gas sphere in Bucharest. The document was signed by Minister of Industry and Energy Natik Aliyev, Minister of Economy, Commerce and Business Environment of Romania Adriean Videanu and Georgian Energy Minister Alexander Khetaguri.

In accordance with the memorandum, the parties expressed their intention to develop energy transit corridor connecting the Caspian region and Europe as part of the Southern Corridor, and a decision was made to trade on gas and use underground storage facilities of Romania, as well as research opportunities for increased cooperation between the relevant agencies operating in the energy sector. Also a proposal of the Romanian side was approved to create a company in Bucharest to develop a feasibility study and determine the technical, technological, financial and legal aspects of the project Azerbaijan-Georgia-Romania Interconnector.

During the press conference, the Minister of Industry and Energy of Azerbaijan Natik Aliyev said that this project will be the first project of transporting liquefied natural gas in the Black Sea. According to him, the project will be important for South-East Europe and to promote diversification of sources, routes and energy interests of all three participating countries of this project.

Aliyev expressed the hope that AGRI will be one of the priority projects, which will serve as the energy security of the European Union.

Aliyev expressed the hope that AGRI will be one of the priority projects, which will serve as the energy security of the European Union.

According to the Georgian Energy Minister Alexander Khetaguri, Georgia plays an important role in the implementation of projects of the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum. He expressed confidence that his country would be a trusted partner as a transit country for the project AGRI.

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