Azerbaijan to build underground gas storage in Georgia

State Oil Company of Azerbaijan intends to build an underground gas storage in Georgia, said the Company head, Rovnag Abdullayev - GHN.

"We continue negotiations with the Georgian side. At the present moment the company controls 75 per cent of gas supplies of Georgia, in future we want to increase the this index, that is why building a 300 mln cubic meters gas pipeline will affect our business positively", Abdullayev said.

The gas storage is intended to be constructed in the territory of Nanotsminda oil and gas deposits. The three-stage construction will be finished in 2013, the estimated cost amounts USD 150 mln.

The issue was discussed with the Minister of Energy of Georgia, who was visiting Baku several days ago.

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