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

Gas industry in Georgia enrolls millionth customer

Published in Economics
Wednesday, 28 September 2016 15:13

Number of natural gas consumers has reached million. The millionth customer is the family of Mamuka Khazaradze living in the region of Ajara. Subscriber's accession to the gas pipeline in the village of Khutsubani was celebrated today. Prime Minister of Georgia Giorgi Kvirikashvili, alongside with the SOCAR President Rovnag Abdullayev attended the event. 
According to the head of the Government, the SOCAR Georgia Gas company has over 65 000 active and potential subscribers across Ajara and by the end of 2017 provision of gas to around 9000 customers is planned. Giorgi Kvirikashvili thanked SOCAR Company for its contribution to the friendly relations and strategic partnership between Georgia and Azerbaijan.
"Provision of gas and water to the population is among the Government's top priorities. This is vitally important in terms of preserving our environment and provision of gas to our villages, including those located in highland Ajara will eliminate the need for deforestation. We have comprehensive infrastructure development plans and construction of Khulo-Adigeni highway will launch in the near future to make the Batumi-Khulo destination compatible with the European standards. We have water supply related projects to ensure that Ajara, including highland area has a modern technology. This will include creation of modern, comfortable conditions for each of the Ajarian families. This is a duty of our Government that we perform with a great pleasure and responsibility. I would like to congratulate you, thank Mr. Rovnag Abdullayev - a true friend of Georgia and the SOCAR Company for reinforcing friendly and cooperative relations between Georgia and Azerbaijan," - Giorgi Kvirikashvili noted. 
Prime Minister congratulated Mamuka Khazaradze on becoming the customer of natural gas and symbolically lit a stove in his house. SOCAR Gas Georgia Company gifted the millionth customer off the gas.
SOCAR Company intends to construct 360 km long pioeline and provide gas to more 8 935 customers by the end of 2017.

SOCAR continues supporting the government of Georgia-Rovnag Abdullayev

Published in Economics
Friday, 04 March 2016 15:41

SOCAR will continue to support the government of Georgia - the SOCAR President Rovnag Abdullayev said at the joint press-conference with Vice Premier, Minister of Energy Kakha Kaladze.
According to him, SOCAR has been operating in Georgia for 10 years and this company has been implementing large investments.
“We are pleased that our partnership will be further modified and we have visions of the future. The agreement had been made to ensure a stable gas supply of Georgia", - he said.
Mr. Abdullayev thanked SOCAR employees, who, as he said, prepared high quality contract.

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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