AGRI project's feasibility study to be available next year

The feasibility study of AGRI energy project (Azerbaijan-Georgia-Romania Interconnector) will be adopted within one year, according to Azeri energy minister Natig Aliyev. A company set up in accordance with the memorandum of understanding recently signed by Azerbaijan, Georgia and Romania will be responsible for searching for sources of funding.

Azerbaijan, Georgia, and Romania have launched a liquefied natural gas (LNG) project, designated as the Azerbaijan-Georgia-Romania Interconnector (AGRI). The three governments regard their project as an element in the EU-planned Southern Corridor for Caspian gas to Europe.

AGRI envisages transporting Azerbaijani gas by pipeline to Georgia's Black Sea port Kulevi, liquefying it there, shipping the liquefied product by tankers to Romania's coast, and delivering the re-gasified product into Romania`s pipeline system and onward to EU territory.


/AzerTAc/