An additional 500 million cubic meters of natural gas

Published in Economics
Friday, 04 March 2016 14:51

Georgia will additionally receive 500 million cubic meters of natural gas from Azerbaijan - was noted during the a meeting between the Prime Minister Giorgi Kvirikashvili and the President of State Oil Company of Azerbaijan Republic "Socar" Rovnag Abdullayev.
The Ministry of Energy and the company "Socar" summed up the results of the negotiations and prospects of strengthening cooperation.
"We are very pleased that the negotiations have been successfully completed and we arrived at the conclusion that our strategic partnership will be further strengthened in the future.There was no ground to expect a different result. We are pleased by the fact that " SOCAR "has technical ability to provide additional volumes of gas," - Prime Minister noted during the meeting.
It was noted that between the Government and the company "SOCAR" the package of contracts will be signed today. According to provisions of these agreements, Georgia will receive an additional 500 million cubic meters of natural gas. In addition, SOCAR expressed its readiness to to reduce the price of of the commercial gas for the gas stations with 35-40 US dollars per 1000 cubic meters.

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    "Azerbaijan is one of the largest investors and trade partners of Georgia. This trend is constantly rising. Close economic and cultural links further solidify the foundation of our cooperation. Today our countries are working together on implementing large scale and ambitious transit and energy projects, which will completely change the dynamics in the region and its international significance. We officially launched the Baku-Tbilisi-Kars Railway last August in Baku. Trans-Anatolian Gas Pipeline (TANAP) will be launched in June this year, which also evidences our regional cooperation this time between Azerbaijan, Georgia and Turkey. Friendship existing between our countries is priceless and we take a special care of it. Azerbaijan was always standing by Georgia, be that during energy challenges over decades, as the Ambassador has mentioned in his address or - massive fire-led natural disaster last year. Georgia will never forget this support. I believe that our links will further strengthen and deepen to serve as a basis of a far wider and successful regional cooperation with the active engagement of other participants and partners" noted the Prime Minister of Georgia.

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    "I hope that with shared efforts and engagement we will manage to carry out this greatest mission and leave a peaceful, stable and affluent region to future generations. When we talk about building the state of Azerbaijan, we forget the name of Heydar Aliyev, whose contribution in this mission is tremendous. Recently, 95 years were celebrated from his birth on May 10. I wish to use this opportunity and express my slightly belated, but most cordial congratulations to Ilham Aliyev, President of Azerbaijan, his family and the people of Azerbaijan. I want to wish a much greater success to the President of Azerbaijan in the building of statehood. Once again please accept my congratulations with 100th Anniversary of the First Republic of Azerbaijan and I wish peace, prosperity and success to the people of Azerbaijan" concluded Giorgi Kvirikashvili.

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