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Kakha Kaladze

Georgia Will Receive 10 Percent of the Natural Gas from its Transit to Armenia

Georgia will finalize the agreement with Russian Gazprom company in the coming days, Georgian Energy Minister Kakha Kaladze said.

A verbal agreement with Gazprom has been achieved that the terms will remain the same, and Georgia will receive 10 percent of the natural gas from its transit to Armenia, said Kaladze.

The energy minister also touched upon the agreement reached by the Azerbaijan’s state oil company SOCAR and called it “important”.

“The gas supply has been a relevant topic in recent months,” said Kaladze adding that the Energy Ministry negotiated on several fronts in order to provide the country with natural gas and satisfy the existing today need in Georgia.

“A very important agreement with SOCAR was finalized last week and it should be welcomed,” added Kaladze.

He noted that Azerbaijan will increase the supply of gas to Georgia by 463 million cubic meters per year as a result of the agreement.