BAKU TO HOST SUMMIT ON AZERBAIJAN–GEORGIA–ROMANIA INTERCONNECTOR PROJECT

Baku, August 6 (AZERTAC). A summit on the Azerbaijan–Georgia–Romania Interconnector (AGRI) project will be held here on September 14.

A Baku declaration is expected to be signed during the summit.

The Azerbaijan–Georgia–Romania Interconnector is a proposed project to transport Azerbaijani natural gas to Romania. Natural gas would be transported by the pipeline from Sangachal Terminal in Azerbaijan to the Kulevi Terminal at the Black Sea coast of Georgia.

On 13 April 2010, the Minister of Industry and Energy of Azerbaijan Natig Aliyev, Minister of Economy, Commerce and Business Environment of Romania Adriean Videanu and Georgian Energy Minister Alexander Khetaguri signed a memorandum on implementation of the project and establishment of the project company headquartered in Bucharest.

The project will be developed by a private company formed by Romgaz, State Oil Company of Azerbaijan Republic, Georgian Oil and Gas Corporation, and a consortium of financial institutions.