Home / Economy / Minister of Energy: KaztransGas has Taken Unexpected Decision
kakha-kaladze-energy

Minister of Energy: KaztransGas has Taken Unexpected Decision

KaztransGas has taken an unexpected decision and submitted an appeal to Arbitration Court, Minister of Energy Kakha Kaladze said. Government of Georgia has made a lot of statements about returning Kazakh management to the company.

Negotiations are continued  and the issue of arbitration court may be taken out of the agenda, the Energy Minister said.

“We have made a lot of my statements about returning Kazakh management to KaztransGas. Regretfully, this turned out impossible. I would refrain from making comments on other issues, because similar comments may be used at arbitration court. This was an unexpected decision, because we have made a lot of statements on their return to the management. At this stage, negotiations are continued and this issue may be taken out of the agenda”, Kaladze said.

We remind you that in 2006 KazTransGas purchased Tbilisi gas distribution company for 12.5 million USD.

KazTransGas Tbilisi debts marked 80 million GEL as of 2009, including the company owes 68 million GEL to Georgian Oil and Gas Corporation (GOGC).

For the purpose of collection of debts, the national regulator appointed a special manager in KazTransGas in 2009.