Georgia expects investments totaling $400-700 million as part of the second phase of Azerbaijani Shah Deniz field's development, Georgian Energy and Natural Resources Minister, Kakha Kaladze told journalists on December 17.
"It is envisaged to expand the South Caucasus pipeline as part of the project (Shah Deniz-2), in order to further annually supply 16 billion cubic meters of gas to Turkey," Kaladze said. "It is planned to construct a 387 kilometres long pipeline in Azerbaijan and a 55 kilometres long pipeline in Georgia, as well as to install a new pressure regulating station and two additional compressor stations in Georgia".
He noted that $400-700 million will be invested to Georgia within the Shah Deniz-2 project.
Kaladze went on to add that after the start of the pipeline's operation, Georgia will receive additional natural gas.—0—
Economics
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