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Iran, Georgia study gas deal implementation

Business Materials 6 November 2016 14:09 (UTC +04:00)

Baku, Azerbaijan, Nov. 6

By Fatih Karimov – Trend

The National Iranian Gas Exports Company (NIGEC) and Georgian International Energy Corporation (GIEC) held a meeting to study implementation of the gas export deal, SHANA news agency reported Nov. 6.

Earlier in July, Ali Reza Kameli, managing director of the National Iranian Gas Company (NIGC) confirmed that Tehran has signed a MoU with the GIEC to export gas to the country within a 4-month period.

Almost 40 million cubic meters of gas will be sold to the company under the test agreement.

The contract for export of Iranian gas has not yet been signed with the Georgian government.

Meanwhile Iran’s state news agency IRNA reported in Sept. that the GIEC has started gas imports from Iran.

Reportedly, Georgia has imported more than 24 million cubic meters of gas from Iran in six months from January 2016.

Georgia is among Iran's latest gas customers, starting import of gas for power plant consumption.

Currently, Azerbaijan is the main supplier of gas to Georgia. Small volumes are also supplied from Russia.

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