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Gazprom interested in privatization of Georgian pipelines

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  • Gazprom interested in privatization of Georgian pipelines

    Gazprom interested in privatization of Georgian pipelines

    RosBusinessConsulting Database
    November 11, 2004 Thursday 9:54 am, EST

    Gazprom has confirmed its plans to take part in the privatization of
    backbone gas pipelines and gas distributing organizations in Georgia.
    According to Sergey Kuznets, the chief of the Division of Legal
    Support for International Operations of Gazprom's Legal Department,
    the Georgian government is now preparing a list of properties to
    be privatized. Kuznets pointed out that Gazprom was interested in
    privatizing gas pipelines in Georgia, as gas supplied to Armenia
    goes via this country. Georgian gas pipelines are often used rather
    inefficiently, and Gazprom is facing problems with gas transportation
    in this connection, Kuznets explained.

    As for the possibility of Gazprom's participation in laying a gas
    pipeline from Iran to Armenia, Kuznets said the gas company was
    interested in that project. Gazprom plans to supply fuel to Armenian
    power plants and than export electrical power to Iran, the company's
    representative added.
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