Romania, Azerbaijan, Georgia to set project company for gas route.

By bne IntelliNews May 13, 2010
The governments of Romania, Azerbaijan and Georgia sealed an agreement in Tbilisi for setting up a project company based in Bucharest that would develop a natural gas route that includes two liquefied gas terminals on the Black Sea and pipelines on Georgian and Azeri territories. The company will be formed by Romania's Romgaz gas producer, Socar (Azerbaijan) state oil and gas company and GOGC (Georgian oil and gas company) within 30 days. The company expects to export further to Hungary and Bulgaria through pipelines the natural gas downloaded in the would-be Constanta-based terminal.

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