USD 63.9542

-0.06

EUR 71.1299

+0.23

BRENT 59.29

-0.01

AI-92 42.27

0

AI-95 46.03

0

AI-98 51.79

-0.04

Diesel 46.19

+0.03

26

Georgia to Get Gas from Azerbaijan

Georgia will get most of its natural gas in 2007 from the Shah Deniz

Georgia will get most of its natural gas in 2007 from the Shah Deniz deposit in Azerbaijan, Georgian President Mikhail Saakashvili said after the meeting with Turkish President Ahmet Necdet Sezer in Ankara.

Turkey is transferring gas it has contracted for to Georgia, Greece and Azerbaijan, and the price of that gas will be lower than the proposals made by Gazprom.

The idea of splitting up Turkish gas arose in October, after Gazprom announced that Georgia and Azerbaijan would be paying $230 per 1000 cu. m. of gas in 2007 and that the quota on supplies to Azerbaijan would be lowered from 4.5 billion c. m. to 1.5 billion cu. m.

In response to that, BP stepped up development at the Shah Deniz deposit, gas from which is to flow to the Transcaucasian countries, Turkey and Europe next year.

Saakashvili and Azeri President Ilham Aliyev reached an agreement in principle on deliveries of Azeri gas to Georgia at the CIS summit in Minsk.