Azerbaijan, Baku, Jan. 15 / Trend E.Ismayilov /
In 2010, the State Oil Company of Azerbaijan Republic (SOCAR) will export about 500 million cubic meters of its own gas from the fields developed by SOCAR independently as part of the company's activities in the Georgian market, a source in the oil and gas industry said. SOCAR produces all of its gas, mainly from fields located in the Caspian Sea.
"In 2010, SOCAR is expected to export 500 million cubic meters of gas to Georgia," the source said.
The company launched gas supplies to Georgia in April 2008. In 2008, the company exported about 788.93 million cubic meters of gas to Georgia.
SOCAR carries out gas supplies to Georgia via a pipeline linking the two countries in the Gazakh region of Azerbaijan. The pipeline's capacity is about three billion cubic meters of gas per year.
In November 2008, Azerbaijan and Georgia signed the agreement to stir up SOCAR's activity on Georgian gas market during next 5 years beginning from 2009. Under the agreement, SOCAR will launch subsidiaries to supply gas to consumer groups pinpointed by the Georgian government.
Dec. 26, SOCAR and the Georgian Government signed an agreement to operate 30 gas supply grids and gas distribution networks in the Kakheti, Mtskheta-Mtianeti, Shida and Kvemo Kartli, Ajaria, Guria, Imereti, Samegrelo regions of Georgia. These networks are operated by 24 companies. The sides also signed an agreement on gas deliveries for five years, including to social groups of subscribers identified by the Georgian government under the invariability of prices within five years. SOCAR received the networks in February 2009.
In April, SOCAR Energy Georgia acquired a gas distribution network in the Marneuli region populated by Azerbaijani community.
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