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Georgia’s Oil and Gas Corporation announces auction to sell gas

Georgia Materials 1 December 2009 12:11 (UTC +04:00)

Georgia, Tbilisi, Dec.01 / Trend , N.Kirstkhalia /

Georgia's Oil and Gas Corporation announced an auction to sell one cubic meter of gas produced at the Ninotsminda field.

According to the corporation, the conditions of the auction envisage supplying the gas in the course of 90 days after registering the winning agreement.

The initial value of one cubic meter of gas is $230. Individuals interested in participating in the auction must make their bids before 17:00 Dec. 3.

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