Azerbaijan to sign LNG deal with Georgia and Romania
Romania, Georgia and Azerbaijan will sign an agreement for
construction of two liquefied natural-gas (LNG) terminals in
southeastern Constanta seaport and a location in Georgia in March
in Bucharest, it was announced Thursday.
The investment will amount to up to six billion Euros. Romanian Times reported. The tri-party agreement will turn Romania into an important energy hub in Europe, Economy Ministry Secretary of State Tudor Serban said.
Serban added that the LNG terminals would transport between three and eight billion cubic meters of gas annually.
The project will be developed by a private company formed by Romanian gas producer Romgaz Medias, Azeri oil company SOCAR and a Georgian oil company, as well as by a consortium comprised of various companies and financial institutions. *
The investment will amount to up to six billion Euros. Romanian Times reported. The tri-party agreement will turn Romania into an important energy hub in Europe, Economy Ministry Secretary of State Tudor Serban said.
Serban added that the LNG terminals would transport between three and eight billion cubic meters of gas annually.
The project will be developed by a private company formed by Romanian gas producer Romgaz Medias, Azeri oil company SOCAR and a Georgian oil company, as well as by a consortium comprised of various companies and financial institutions. *
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