Azernews.Az

AGRI LNG Project Company SRL (AGRI) extended the closing date of the consultant selection process for Azerbaijan - Georgia - Romania - Hungary Interconnector project, the company said on Thursday.

According to the company's statement, the shareholders empower the Board of Directors to extend the closing date of the consultant selection process until 31 January 2012 from the original date of 19 January 2012.

In December, 2011 AGRI announced the tender for proposals related to the preparation of the feasibility study, the scope of which is to assess the technical, financial and economical viability of the project.

AGRI project based on the Azerbaijani liquefied gas supplies through the Black Sea coast of Georgia to Romania.

The capacity of the AGRI Project is considered in three variants - 2 billion cubic meters of gas per year, 5 billion cubic meters and 8 billion cubic meters. According to preliminary data, depending on the project capacity, its costs will vary from 1.2 billion to 4.5 billion euros.

The AGRI project envisages transporting Azerbaijani gas via pipelines to the Black Sea coast of Georgia, where the gas will be liquefied at a special terminal. The gas will then be delivered to a terminal at the Romanian port of Constanta via tankers.

The Shareholders of AGRI are SOCAR, Georgian Oil and Gas Corporation, MVM from Hungary and Romanian "Romgaz". The Chairman of the AGRI Company Board of Directors is SOCAR Deputy Vice-President Vitaliy Baylarbayev.