Azerbaijan, Baku, April 28 / Trend E. Ismayilov /
The operations within the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, envisaging supplies of Azerbaijani liquefied gas through the Black Sea coast of Georgia to Romania, will be conducted on the basis of the public-private partnership, Romanian Prime Minister, Emil Boc, said.
He said that AGRI envisages the investments worth 4 billion euros. It is one of the projects aimed at ensuring energy security of Romania.
Azerbaijan, Georgia, Romania and Hungary signed a protocol within the implementation of the AGRI project on Feb.14 in Baku. The signed document stressed the need to support the companies participating in the project in attracting the necessary funding for the feasibility study. The paper notes that under the increased work means finding the shortest route of delivery of Azerbaijani gas to European markets, the creation of Interconnector Romania - Hungary (Arad-Szeged).
Earlier, the joint venture was registered in Romania within the AGRI project. The joint company will prepare a feasibility study of the new project and seek funding.
Participants of the project are Azerbaijani SOCAR, Oil and Gas Corporation of Georgia, the Romanian ROMGAZ and Hungarian MVM. Each has a 25 percent shareholding. In the future, Bulgaria also can join the project.