Subscribe to our news feedMoU between three nations for Caspian pipeline
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Published on Wednesday 21st April 2010
A pipeline will be constructed between Azerbaijan and Georgia as part of a Memorandum of Understanding (MoU) to supply natural gas from the Caspian region to Europe, reports Pipeline International. Those two countries joined Romania in signing the MoU which will see the construction of the Azerbaijan Georgia Romania Interconnector (AGRI) which will transport Azerbaijani gas to the Black Sea coast of Georgia via the new pipelines. The gas will be liquefied at a Georgian LNG terminal, the location of which is yet to be decided, before being carried by tankers to the port of Constanta in Romania. Development of the project will be overseen by a private company consisting of Romanias Romgaz Media, Azerbaijans state oil company SOCAR, and a Georgian oil company. Romanias economy minister, Adriean Videanu, was joined by Azerbaijans industry and energy minister Natig Aliyev, and his Georgian counterpart, Alexander Khetaguri, in signing the deal. In 2005, the first pipeline was built to carry oil from the Caspian to the Mediterranean, according to the BBC. 
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