Georgia, Russia

Novak: technical and economic assessment of North-South to be ready in 2017

The technical and economic assessment of the North-South energy corridor Russia-Georgia-Armenia-Iran will be ready in H2 2017, the Minister of Energy, A. Novak, said.

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Georgia doesn’t rule out announcement of agreement with Gazprom on gas transit to Armenia in case of bilateral consent

The Georgian side can’t independently make a decision to disclose details of the agreement with Gazprom at the rate of the Russian gas transit to Armenia, said the Deputy Prime Minister, Ener

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Ministry of Economic Development of Georgia: the country doesn’t have to buy Russian gas

The contract reached by Georgia and Gazprom doesn’t bind Georgia purchase the additional volumes of the Russian gas.

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Gazprom suggested Georgia a variant of mutually beneficial conditions of gas transit to Armenia

Gazprom made an offer to Georgia by the mutually beneficial conditions of gas transit to Armenia and gas supply to Georgia, Gazprom export reports.

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Georgia and “Gazprom” are about to agree on gas transit to Armenia

The vice premier, Minister of Energy of Georgia K.Kaladze will hold a meeting with the management of OOO “Gazprom-export”, regarding Russian gas transit to Armenia.

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Georgia refused to turn to monetary form of payment for gas transit of Gazprom

The Minister of Energy of Georgia, K. Kaladze, said that his meeting with the representatives of Gazprom upon the issue of signing the gas agreement had no result.

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Inter RAO UES sells its Georgian asset Mrkvari Energetika for $13.6 mln

Inter RAO UES has sold its Georgian asset Mtkvari Energetika for $13.6 million (899 million rubles), this follows from the company’s statements under IAS.

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Inter RAO UES completes deal on sale of 100% of Georgian company Mtkvari Energy

Inter RAO UES has completed the deal on sale of 100% stake in the Georgian company Mtkvari Energy, the company reports.
The acquirer was a consortium of international investors.

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Skyland Petroleum to supply China with oil and gas from Russia, Tajikistan and Georgia.

Previously, "Rosneft" and Skyland Petroleum signed a Heads of Agreement for the sale of "Rosneft" up to 29% in LLC "Taas-Yuryakh Oil and Gas" and the creation of CG to develop the field in Yakutia.
The Australian company Skyland Petroleum plans to begin to supply China with oil and gas from Russia, Tajikistan and Georgia in 2016. As the Xinhua news agency reports, chairman of the company David Robson stated this in Shanghai on Wednesday.

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Gazprom not to get money from Tbilisi

Gazprom hasn’t managed to agree with Georgia on the transition to cash payments for gas, supplied to the country. As a result, Tbilisi, as before, will receive 10% of transit gas coming to Armenia from Russia. Azerbaijan agreed to supply additional volumes for Georgia, although last year it faced with a deficit of produced gas. According to experts, Tbilisi can afford not to make concessions to Gazprom, while Baku has access to Russian gas supplies and due to them can increase exports to Georgia.
Georgia doesn’t need additional volumes of gas imports from Russia and Iran after signing the contract for the delivery of 500 million cubic meters from Azerbaijan, the Deputy Prime Minister, Minister of Energy of Georgia Kakha Kaladze said last week. "The gas supply of the country will be provided for several years," - the official said. On Friday, the Government of Georgia and the Azerbaijani state oil company SOCAR signed a corresponding agreement. Thus, the supply of gas from Azerbaijan, taking into account the current contract, could rise to 1.5 billion cubic meters. Prior to that, SOCAR delivered about 800 million cubic meters of gas from the Shah-Deniz field. Georgia needed additional gas, as its consumption in the country increased by 40% since 2012, to about 2 billion cubic meters per year.

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