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Friday, 18 November 2005

KAZAKHSTAN, GEORGIA TO DRAFT AGREEMENT ON KAZAKH GAS SUPPLIES

Published in News Digest

By empty (11/18/2005 issue of the CACI Analyst)

The Georgian and Kazakh prime ministers agreed to start drafting an agreement on Kazakh natural gas supplies at a meeting in Kazakhstan\'s capital, Astana, the Georgian prime minister\'s office said Friday. Georgian premier Zurab Nogaideli and his Kazakh counterpart Danial Akhmetov said natural gas would be supplied to Georgia at mutually beneficial prices in coordinated volumes. Nogaideli said Georgia\'s natural gas needs would double or triple in the next few years in comparison with 2005.
The Georgian and Kazakh prime ministers agreed to start drafting an agreement on Kazakh natural gas supplies at a meeting in Kazakhstan\'s capital, Astana, the Georgian prime minister\'s office said Friday. Georgian premier Zurab Nogaideli and his Kazakh counterpart Danial Akhmetov said natural gas would be supplied to Georgia at mutually beneficial prices in coordinated volumes. Nogaideli said Georgia\'s natural gas needs would double or triple in the next few years in comparison with 2005. \"Therefore, we are seeking to attain the maximum diversification of [our] natural gas sources, which does not rule out proactive cooperation with [Russian gas giant] Gazprom,\" the Georgian premier said. In 2004, Gazexport, a 100%-owned by Gazprom, supplied Georgia with 1.23 billion cubic meters of natural gas, but relations have become strained because Gazprom wants to raise the price from the current $62.5 per 1,000 cu m to $110. (RIA Novosti)
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