(civil.ge) - The Russian gas price increase will slow down Georgia's economic growth, but it will not have a disastrous impact, government officials and some experts say. Russian energy giant Gazprom said it has an intention to more than double the gas price for Georgia up to USD 230 per 1000 cubic meters in 2007.
Scale of impact will mainly depend on 1) how much gas will be consumed; 2) how the government will respond on this economic shock and 3) how much gas Georgia will be able to purchase from the South Caucasus Gas Pipeline (SCP), also known as the Baku-Tbilisi-Erzrum, or Shah-Deniz, gas pipeline, reports Trend.