Imported Social Natural Gas Price Has Been Optimised with an Agreement Signed After a Meeting of Giorgi Gakharia and Rovnag Abdullayev

Published in Economics
Friday, 18 December 2020 10:40

Giorgi Gakharia, Prime Minister of Georgia met Rovnag Abdullayev, President of SOCAR State Oil Company of Azerbaijan today.

Focus of the meeting was made at the kind neighbourly relations and partnership of Georgia and Azerbaijan in various areas. Special attention was paid to the investment projects implemented by SOCAR in Georgia and prospects of deepening cooperation in future.

It was noted that cooperation of Georgia with SOCAR is truly successful in the area of natural gas, which is once again evidenced by the optimisation of the social gas price in the country.

Namely, Ministry of Economy and Sustainable Development of Georgia has been instructed by the Government of Georgia to negotiate with SOCAR a deal to import 200 million cubic meters of the so-called social gas with a reduced tariff from Azerbaijan to Georgia. Amendments were made to the existing agreement on social gas supply originally signed in 2016. Signing ceremony held today engaged Natia Turnava, Minister of Economy and Sustainable Development of Georgia; Giorgi Bakhtadze, CEO of Oil and Gas Corporation and Rovnag Abdullayev, President of SOCAR after a meeting with the Prime Minister of Georgia.

As a result of the referred agreement. Government of Georgia will be able to maintain the stability of natural gas price for citizens of Georgia.

It was underlined that after the completion of the fourth stage of the South Gas Corridor, which envisages the transportation of Shah Deniz gas to the European market, will channel higher volumes of Azerbaijani gas through Georgia. At the same time, the country will be able to purchase more concessional Azerbaijani gas to meet its domestic demand.

Meeting with the Prime Minister of Georgia and signing ceremony was attended by Faig Guliyev, Ambassador Plenipotentiary and Extraordinary of Azerbaijan to Georgia; Mahir Mamedov, CEO of SOCAR Energy Georgia; Elshad Nasirov, President of SOCAR for Investments and Marketing; Vagif Aliyev, Director of Investments at SOCAR.


Press Service of the Government Administration

Read 85 times

Related items

  • Irakli Garibashvili: Process will soon start for the selection of a new potential investor for the Anaklia Port Project

    Georgian authorities had always demonstrated unprecedented support towards the Anaklia Port Project. It was stated by Irakli Garibashvili, Prime Minister of Georgia at the Executive Government Meeting today.

    As noted by the Prime Minister of Georgia, irrespective of deferring deliverables at multiple occasions, investor failed to meet its commitments and therefore the process will soon start for the selection of a new potential investor.

    "Authorities of Georgia, including the executive and legislative wings, demonstrated full support to the Anaklia Port Project. I wish to remind the society that Parliament of Georgia in its 9th Convocation indicated the Deep Sea Port of Anaklia as a key priority in the Constitution of Georgia. Principal and miscellaneous obligations of the investor were deferred at multiple occasions. Only the principal ones were deferred three times! Also, the Government acquired land from individual property owners in the total value of 58 million GEL and transferred the chain of custody to the investor. We also assumed the obligation to build a motorway and rail road to access the port. The Road Department of Georgia has blueprints ready for it. Besides, Partnership Fund was prepared to allocate a subordinated loan in the volume of 100 million USD to let the investor meet its obligations. Nevertheless, you may well be aware that the investor failed to meet its obligations and could not raise the required equity or borrowing in the volume of 400 million USD. We will be launching a process to select a new potential investor in the nearest future. Respective agency subordinated to the Ministry of Economy of Georgia will be announcing a tender in line with the procedures promulgated in the law. What is equally important, international consultants will be contracted to guide us in the selection process to identify the successful bidder" stated the Prime Minister of Georgia.

    Press Service of the Government Administration

  • Parliament of Georgia Expresses Vote of Confidence to New Government Led By Irakli Garibashvili

    The Parliament of Georgia has expressed a vote of confidence to Irakli Garibashvili as Prime Minister of Georgia and the new composition of the Government.

    The supreme legislative body of the country has unanimously supported the Government of Georgia led by Irakli Garibashvili and cast 89 votes for the Governmental Program branded as For Building a European State.

    Two new portfolio ministers will be joining the new government. Juansher Burchuladze will be the Minister of Defense and Irakli Karseladze will serve as a Minister of Regional Development and Infrastructure.

    Seven ministers remain unchanged: David Zalkaliani as a Minister of Foreign Affairs, Gocha Lordkipanidze as a Minister of Justice, Vakhtang Gomelauri as a Minister of Internal Affairs, Natia Turnava as a Minister of Economy and Sustainable Development, Ivane Matchavariani as a Minister of Finance; Mikheil Chkhenkeli as a Minister of Education, Science, Culture and Sports; Levan Davitashvili as a Minister of Environment Protection and Agriculture.

    Press Service of the Government Administration

  • "Georgian Dream" nominates Irakli Gharibashvili for premiership

    The ruling Georgian Dream (GD) party has officially nominated incumbent Defense Minister and previously Prime Minister Irakli Gharibashvili for the prime ministerial post, GD Chairman Irakli Kobakhidze announced after the meeting of the GD political council on Thursday.

    Kobakhidze believes Gharibashvili would successfully lead the Cabinet.

    “Irakli Gharibashvili is one of the GD leaders, former Interior Minister, Prime Minister, and current Defence Minister. Paramount reforms were implemented under his management. He is a professional with outstanding experience who can successfully head the government,” Kobakhidze stated.

    Earlier today, Georgian Prime Minister Giorgi Gakharia announced his resignation following the court ruling to arrest the Head of the United National Movement opposition party Nika Melia. Gakharia said he failed to reach an agreement with GD over Nika Melia’s case.

    Source: https://1tv.ge/en/news/gd-nominates-irakli-gharibashvili-for-premiership/

  • Prime Minister Giorgi Gakharia resigns

    Prime Minister of Georgia Giorgi Gakharia has resigned. He made his resignation statement at a special briefing at the government administration.

    Georgian Prime Minister Giorgi Gakharia resigned citing disagreement with his party colleagues over the detention of Nika Melia, leader of UNM. This follows the Tbilisi City Court’s decision to send United National Movement’s Nika Melia, Chairperson of the largest opposition party, to pretrial detention.

    “Unfortunately, I could not reach a common understanding on this matter with my team and decided to resign. I want to hope, that this step would contribute to reduced polarisation in our political space, since I believe that polarization and confrontation pose the greatest risks to our country’s future and economic development,” G. Gakharia stated.

    G. Gakharia’s statement said that while Melia had “never respected the law” and called “for the storming of the Parliament” on June 20, the decision to detain him poses unacceptable risks, and unduly complicates the task of economic recovery and the management of pandemic.

     

  • A signing ceremony between the Ministry of Environment and Agriculture of Georgia and the Ministry of Agriculture on the implementation of the Agrodiesel project to support local farmers for 2021
    There was a signing ceremony between the Ministry of Environment and Agriculture of Georgia and the Ministry of Agriculture on the implementation of the Agrodiesel project to support local farmers for 2021 The word document was signed by Georgia, Minister of Environment and Agriculture Levan Davitashvili, Director of SOCAR Petroleum Georgia. Faik Guliyev, General Director of SOCAR Energy Georgia and other officials from the Ministry named after the ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Georgia attended the signing ceremony.
    During the meeting held before the signing ceremony, Minister Levan Davitashvili welcomed guests and expressed satisfaction with the current cooperation level between the Ministry and SOCAR, which was shown in the implementation of the ′′ Agrodiesel ′′ project, which was headed during the pandemic. He emphasized that the so-called program was successfully implemented in 2020 and that it is a delightful situation to continue this cooperation in 2021 Last year, the minister said that within this program, the provision of Georgian agrarian sector with Azerbaijani-origin diesel fuel continued and more than 125 farmers benefited from it. As a result of the sale of diesel fuel at preferential prices, local farmers saved more than 7.0 million lari.
    Ambassador Faiq Guliyev thanked the opposite side for the invitation to participate in the signing ceremony and noted that as in all spheres of the two countries, there are also strong cooperation relations in the agricultural sector. It is stated that our countries have always been there for each other and supported each other during difficult times. A few years ago, there was a lack of equipment and a great demand in the agricultural sector in Georgia, in order to pay this need, the Azerbaijani side sent its equipment to Georgia. Today, solidarity and cooperation between our countries continues in the conditions of the coronavirus (COVID-19) pandemic that has encountered the world. In this particular, the ′′ Agrodiesel ′′ project was launched last year to support local farmers and the SOCAR signed a contract between Georgia's Environment Protection and Ministry of Agriculture. The ambassador emphasized that this project is a clear example of friendship and brotherhood relations between the two countries.
    CEO of SOCAR Energy Georgia, Mahir Mammadov, noted that this program was implemented to solve the challenges faced by local farmers during the pandemic and said the project's results for 2020 were positive. He thanked the Ministry of Environment and Agriculture of Georgia for cooperation in this field and expressed hope that the project will contribute to the development of agricultural sector in Georgia.

Business News

Preparatory Works for hosting EBRD Annual Meeting and Business-forum

Preparatory Works for hosting EBRD Annual Meeting and Business-forum

The works are held on the territory of the Parliament and the Youth Palace. The Head of the Governme...

Georgian Lari Drops in Value against US Dollar

Georgian Lari Drops in Value against US Dollar

Georgian National Currency decreased by 0.0011 GELs against US Dollar. The official exchange rate to...

Georgian Lari Drops in Value against USD

Georgian Lari Drops in Value against USD

The Georgian National Bank has set a new exchange rate, 1US Dollar will cost 2.2112 GEL tomorrow. Ge...

Leader of the consortium "Anaklia Port and Eco Park" met with strategic partner "POWERCHINA"

Leader of the consortium "Anaklia Port and Eco Park" met with strategic partner "POWERCHINA"

On May 25th leader of the consortium "Anaklia Port and Eco Park" Mr. Teimuraz Karchava vis...

MOST READ

« March 2021 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

About

The News Agency,
NEWSDAY.GE is
a part of STARVISION
Media Group.
It made its first
appearance on the Internet..More

 

Contact

NEWSDAY Ltd.
Lechkhumi street.43

Georgia,Tbilisi

Phone: (+995 32) 257 91 11
E-mail: avtandil@yahoo.com

 

 

 

Social Media