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Natural Gas to be Imported at a 3 Times Cheaper Rate

Published: July 4, 2013 | 8:03 am
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Bidzina Ivanishvili has announced that Georgia will receive natural gas at a 3 times cheaper rate in the future, than is currently the case. Talks with representatives of British Petroleum (BP) and Socar have given the Prime Minister grounds for making this statement. The talks have clarified the issue regarding the construction of the Shahdeniz pipeline. According to a BP spokesman, the construction of the pipeline will begin as soon as final decisions are made regarding the financing of the project. Georgia currently receives its natural gas through the Southern Caucasus pipeline. The amount of gas – currently 10 billion m³ – will be increased by an additional 16 billion m³ through the new pipeline, which will be built at a cost of 40 billion USD. The project will create 2000 jobs in Georgia alone. According to the plans, natural gas will reach Turkey via the new pipeline by 2018, and Europe by 2019.

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