ECONOMY
GEORGIA TO BUY 270 MILLION CUBIC METERS OF GAS NEXT YEAR
Five wells in the Shahdeniz field will produce 5,3 bln cubic meters of gas in 2007, Minister of Industry and Energy of Azerbaijan Natig Aliyev said in an interview to Turkey’s Anadolu news agency after the meeting of Ministers of Energy of Azerbaijan, Turkey and Georgia held in Tbilisi. Of this volume, 270 million cubic meters will be exported to Georgia. Minister said that Azerbaijan and Turkey will continue to assist Georgia in elimination of Georgia’s electricity problems.
At the meeting with President of Georgia Mikhail Saakashvili, Turkey’s Minister of Energy and Natural Resources Hilmi Guler said that all options have been considered to increase Turkey’s quota for Shahdeniz gas.
After the meeting, Ministers of Energy singed the memorandum of understanding.
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