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BAKU: SOCAR Is Interested In Privatization Of Georgian Section Of Ru

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  • BAKU: SOCAR Is Interested In Privatization Of Georgian Section Of Ru

    SOCAR IS INTERESTED IN PRIVATIZATION OF GEORGIAN SECTION OF RUSSIA-ARMENIA GAS PIPELINE
    Trend, S.Aliyev

    Trend
    Nov 30 2010
    Azerbaijan

    SOCAR (State Oil Company of Azerbaijan) considers the possibility to
    use existing gas pipelines on the Georgian territory, including the
    Georgian section of pipeline that exports Russian gas to Armenia,
    for gas transit, the SOCAR president Rovnag Abdullayev said in talks
    held with Georgian Energy Minister Alexander Khetaguri and head of
    the Oil and Gas Corporation, Zurab Janjgava, SOCAR said.

    Abdullayev expressed confidence that using the existing infrastructure
    in Georgia will accelerate the implementation of the project
    Azerbaijan-Georgia-Romanian Interconnector (AGRI), which envisages
    supplying Azerbaijani liquefied gas through Georgia and the Black
    Sea to Romania.

    According to head of SOCAR, if the Georgian government decides on the
    privatization of the pipeline that exports Russian gas to Armenia, the
    State Oil Company of Azerbaijan can make an interest in these assets.

    At the meetings with Khetaguri and Janjava, they had wide discussions
    over the intention to increase activeness in the strategic energy
    projects and steps take toward this, as well as opportunities for
    soonest implementation of AGRI project.

    The SOCAR president and Georgian officials focused attention on
    the topical issues of gas supply to the regions of the country,
    connecting new subscribers to the gas network, gas supply of the
    Georgian consumers in autumn-winter season. Abdullayev said measures
    in this direction would be continued further.

    He also discussed with the Georgian officials the SOCAR projects,
    extension of gas distribution network, SOCAR's participation in oil
    supply to the Georgian markets, transit of Azerbaijan's oil products
    via Georgia

    The Georgian officials highly appreciated the SOCAR's activity in
    these fields and pointed out the company's important role in the
    Georgian energy market.

    Three capacity volumes are being considered for the project: 2 billion
    cubic meters of gas a year, 5 billion cubic meters and 8 billion cubic
    meters, Minister of Industry and Energy Natig Aliyev said earlier.

    According to preliminary data, the cost varies from 1.2 billion to
    4.5 billion euros depending on capacity.

    Azerbaijan, Georgia, Romania and Hungary signed the Baku Declaration
    on AGRI project in Baku Sept. 14.

    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. The gas will then be delivered to a terminal at
    the Romanian port of Constanta via tankers.




    From: A. Papazian
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