Khetaguri: AGRI may outstrip other similar projects
According to the Georgian Energy Minister Alexander Khetaguri, the energy project AGRI (Azerbaijan-Georgia-Romania Interconnector) can be implemented much faster than other similar projects focusing on gas supplies to Europe. The "Business-Georgia" reported this information with the reference to Azerbaijan news agency "Trend".
"This is an important project and it can be implemented much faster than some other pipeline projects, including "Nabucco" - Khetaguri said.
He added that during the month there will be put out to tender for the feasibility study and its results will be known by the autumn.
In turn, the feasibility study will take about 11 months and further there will be a sought of sources of funding.
Earlier, in Romania there was registred a joint venture for the project AGRI.
The project involves transporting of Azerbaijani natural gas through pipelines to the Black Sea coast of Georgia, where the gas will be liquefied and then will be shipped by tanker to the terminal in the Romanian port of Constanta. Next, the liquefied gas will be contained in the state of natural gas and allocated to Europe.
The project cost is estimated by AGRI from 1.2 billion to 4.5 billion euros.