The prospects for the implementation of AGRI (Azerbaijan-Georgia-Romania Interconnector) project will be discussed during the visit of Georgian Prime Minister Irakli Garibashvili to Hungary, Georgian Deputy Prime Minister and Energy Minister Kakha Kaladze said.
Garibashvili embarked on a visit to Hungary on Feb.10.
Kaladze said the work on the project’s feasibility study has already been completed and the issues related to its implementation will be discussed during the meetings with Hungarian authorities in Budapest.
“We are confident of the successful implementation of this project and are actively working on this together with our partners,” said the Georgian minister.
AGRI project envisages the transportation of Azerbaijani gas to the Black Sea coast of Georgia via the gas pipelines. Azerbaijani gas delivered to Georgia’s Black Sea coast, will be liquefied at a special terminal and following this, it will be delivered to a terminal at Romanian port of Constanta with tankers.
Further, it will be brought to the gaseous state and sent via the country’s gas infrastructure for meeting the demands of Romania and other European countries.
The cost of the project will vary from 1.2 billion euros to 4.5 billion euros, according to the preliminary estimations. The project’s cost will depend on the capacity of terminals that can be equal to 2-8 billion cubic meters of gas per year.
The participants of the AGRI project are the State Oil Company of Azerbaijan (SOCAR), Georgia’s Oil and Gas Corporation, as well as MVM (Hungary) and Romgaz (Romania) companies.
The sides established SC AGRI LNG Project Company SRL joint venture in February 2011 for the implementation of the project.