Georgian PM to visit Azerbaijan
By Jamila Babayeva
Georgian Prime Minister Irakli Garibashvili will visit Azerbaijan on December 16-17.
Garibashvili will visit the country to attend a ceremony on finalizing an investment decision on the second stage of development of Azerbaijan's giant Shah Deniz gas condensate field in the Caspian Sea, Georgian prime minister's press-service reported.
During the visit, Garibashvili will meet with Azerbaijani officials.
Turkish Minister of Energy and Natural Resources Taner Yıldız, European Commissioner for Energy Gunther Oettinger and British Foreign Secretary William Hague will also pay a visit to Azerbaijan to attend the signing ceremony.
The ceremony is planned to be held on December 17. 39 documents are expected to be signed within the final investment decision.
Gas which will be produced within the second stage of Azerbaijan's Shah Deniz field development will be the main source for the Southern Gas Corridor, which envisages the transportation of Caspian gas to European markets.
In late June, the Shah Deniz consortium announced the selection of TAP as the main route for transporting its gas to Europe. Another pipeline which was vying for Azerbaijani gas transportation to Europe was Nabucco West.
The gas condensate reserves of the Shah Deniz field are estimated at 1.2 trillion cubic meters. According to forecasts, gas production can be brought up to 24 billion cubic meters per year as part of the second stage of the field development.
The Azerbaijani gas will become an alternative supply source for Turkey and Europe, and will increase competition in regional and European markets.
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