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Georgia’s Annual Natural Gas Consumption may Exceed 3.5 billion Cubic Meters by 2030

Georgia’s annual natural gas consumption may exceed 3.5 billion cubic meters by 2030, Temur Gochitashvili, head of the GOGC department for Strategic Planning and Designing, noted.

The growing demand may be satisfied by Azerbaijan, because this country will start employing new sources in 2022-2026, he said.
As to alternative gas supply sources such as Turkmen and Iranian gas, this is a far perspective in case of Turkmen gas and impossible in case of Iran, Gochitashvili said. 

After the parties signed Caspian Sea status agreement on August 12, 2018, TransCaspian pipeline project implementation project has acquired real perspectives, Temur Gochitashvili noted. 

“If Turkmenistan finds gas client in Europe, Georgia or elsewhere, the pipeline may be constructed without consent of Iran and Russia, which used to contradict similar scenario previously. Therefore, such perspectives are realistic. Commercial profitability will determine everything. Certain volumes may be transported through the existing pipelines, but bigger volumes need new larger infrastructure. New perspectives are much better, but the project implementation is a far perspective”, Temur Gochitashvili said.

Unlike Turkmen gas, amid the current sanctions against Iran, it is impossible to receive natural has from Iran, Gochitashvili said.

“This is impossible amid sanctions and I have pessimistic forecasts regarding Iranian gas, he said.

We remind you that by the end of 2020, European legislation will be introduced in natural gas sector of Georgia and consumers will have the option to choose natural gas provider.