TAP: So far, approximately 60% of the 32,000 line pipes needed to build the 550km Greek section have been delivered (14 January 2017 19:46)
SOCAR supplies Malta's 1st LNG (13 January 2017 15:46)
Gazprom Export offers guaranteed income from gas transit to Georgia (11 January 2017 19:46)
Date: 7 January 2016 18:57
Baku, Azerbaijan, Jan. 7
By Maksim Tsurkov – Trend:
Azerbaijan’s state company SOCAR doesn’t see the need for construction of a liquefied natural gas (LNG) terminal on Georgia’s Black Sea coast in the near future, said Vagif Aliyev, head of the SOCAR Investment Department.
He made the remarks Jan. 7 in an interview with Azerbaijani news channel ANS.
“The gas consuming countries in the region are located close to exporting countries,” he said. “In addition, there isn’t a major consumer of liquefied and compressed natural gas in the region, while a terminal is needed to store large amounts.”
“For this reason, investing in construction of a terminal right now wouldn’t be practical,” said Aliyev. “SOCAR has a large oil terminal in Kulevi, which is very efficient and has established an infrastructure.”
“In case of any appropriate condition in the future, we will consider the possibility of building an LNG terminal,” he added.
The terminal in Georgia’s Kulevi was commissioned in May 2008.
Follow the author on Twitter: @MaksimTsurkov
Follow us on Twitter @TRENDNewsAgency