Georgia Oil and Gas

Azerbaijan to extend contract with Gazprom

Azerbaijan would like to extend the current contract for the purchase of Russian gas, which will expire at the end of November, until 2020.

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Gas production in Georgia may increased by 46% by 2030, Azerbaijan may remain the main supplier

Annual gas consumption in Georgia, which almost 100% meets its natural gas needs due to imports, may exceed 3.5 billion cubic meters by 2030 against the current 2.4 billion cubic meters (+46%), hea

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Russia increases export of petroleum products to Georgia

Despite the rise in prices, there is still a high demand for petrol and diesel fuel in Georgia.

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SOCAR intends to increase gas supplies to Georgia by almost 30%

In 2018, SOCAR Georgia Gas, a subsidiary of SOCAR, plans to supply 1.8 billion cubic meters of gas to Georgia, which is by 28.57% more than in 2017.

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KazTransGas hopes for amicable agreement with Georgia on gas distribution assets in Tbilisi

The Government of Georgia and KazTransGas (KTG) try to settle a dispute over status of KazTransGas-Tbilisi peacefully, deputy general director for economy and finance of KTG Dair Kushe

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In 2018, SOCAR Georgia Gas to increase gas supplies to Georgia by 29%

SOCAR Georgia Gas (SGG, subsidiary of SOCAR Energy Georgia) has planned to deliver 1.8 billion cubic meters of gas to Georgia in 2018, which is by 28.6% more than in 2017, this follows

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KfW may allocate loan for 150 mln euro to Georgia for construction of underground gas storage

German Bank for Reconstruction and Development (KfW) will be one of investors of a project to build the first underground gas storage facility in Georgia, providing 150 million euro to the Georgian

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Georgia actively looks for new oil deposits

Head of the Georgian Oil and Gas Corporation Georgy Tatishvili has made a statement that new deposits of crude oil will be discovered in the country in the foreseeable future.

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Georgia sells almost 600 thousand meters of gas pipelines to SOCAR’s subsidiary for $9.5 mln

SOCAR Georgia Gas, a subsidiary of the state-owned oil company of Azerbaijan SOCAR, has acquired ownership of gas pipelines in a number of regions of Georgia with a total length of 594 thousand run

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