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Romania, Azerbaijan and Georgia signed a memorandum on gas export2010-04-13 18:21
Today in Bucharest a memorandum on cooperation in gas supplies sphere was signed between Romania, Azerbaijan and Georgia.gt-en-newsitem-inside
Via implementation of AGIP (Azerbaijan-Georgia-Romania Interconnector) project Casoian gas will be delivered to Europe from Azerbaijan to Romania via Georgia - APA Economics, citing to Mediafax. Adriean Videanu, the Minister of Economy of Romania, AGIP can be implemented sooner than Nabucco.
The memorandum of understanding was signed by Videanu, the Azeri minister of industry and energy, Natig Aliyev, and Georgia's Energy Minister Alexander Khetaguri.
According to the memorandum, the company headquartered in Bucharest will be set up in the next few months to draw up the feasibility study, Videanu said. Out of 7 billion cubic meters of natural gas a year [pipeline's capacity] Romania will purchase 2 billion.
Discussions between the three states as regards the Agri project started a year ago.
"It is an important project for all the states in the Black Sea region," Aliyev said. When asked about Azerbaijan's ability to provide gas, he said the confirmed reserves exceed 2 trillion cubic meters, enough for 100 years.
APA Economics reports the embassy of Azerbaijan in Romania says that, according to memorandum, the sides decided to investigate the trade of gas, use from underground gas storehouses in Romania.
The embassy also told that, N. Aliyev met with Romanian president Traian Basescu and Economy Minister of Romania Adriean Videanu on the frame work of visit to Romania. The delegation led by Natig Aliyev is consisting of Deputy Foreign Minister Khalaf Khalafov and Vice-President of SOCAR Elshad Nasirov.
In the future AGRI implies transportation of natural gas via pipelines to Black Sea shore of Georgia, where it will be squeezed at special terminals, then delivered in tankers to Constanta port [Romania] and via gas infrastructure in the territory of the country be delivered to other European countries.