Gazprom in Deal over Additional Gas Supplies to Georgia

Itera, the Russian company distributing gas to the regions in Georgia, signed a contract with Gazprom on the supply of 360 million cubic meters of gas in 2007 for USD 235 per 1000 cubic meters, Vitali Lomidze, an official from Itera-Georgia, told Civil.Ge on December 27.

The deal was also confirmed by the Russian gas monopoly Gazprom’s spokesman Sergey Kuprianov.

This is the fourth contract signed with the Russian gas monopoly by companies in Georgia.

On December 22 Gazprom signed contracts on the supply of a total of 1,1 billion cubic meters of gas in 2007 with three companies.

Gazprom now has contracts with KazTransGaz-Tbilisi, a company distributing gas in the Georgian capital, for a three-month term; with Saqcementi, a cement producing factory which needs about 250 million cubic meters of gas annually; and with the Russian-owned electricity grid Telasi, which needs about 300 million cubic meters of gas annually for its power generator plant number 9 in Gardabani.

As a result, Gazprom will supply Georgia with a total of 1,46 billion cubic meters of gas in 2007, which is more than a half of Georgia?s annual gas consumption. Georgia consumed up to 1,9 billion cubic meters of gas in 2006.

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