Serbia interested in participating in project of Azerbaijani gas transportation to Europe

14. February 2012. / Uncategorized

 

Serbia at the highest level expressed a desire to participate in the project AGRI (Azerbaijan-Georgia-Romanian Interconnector), which envisages transportation of Azerbaijani liquefied gas to European countries, Serbian Ambassador to Azerbaijan, Zoran Vayovich told journalists in Baku on Monday.

He said Serbia is ready to participate in any project of gas transportation to the Balkans.
Vayovich also said that Azerbaijan is an important player in gas market in the region and the world.

The participants in the AGRI project are the State Oil Company of Azerbaijan (SOCAR), the Georgian Oil and Gas Corporation, as well as the MVM company (Hungary) and Romgaz (Romania).

Chairman of AGRI Board of Directors is SOCAR Deputy Vice-President on Investment and Marketing Vitaly Beylarbeyov.

This project envisages supply of liquefied gas from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, as well as to other European countries

The capacity of the AGRI Project is considered in three variants – 2 billion cubic meters of gas per year, 5 billion cubic meters and 8 billion cubic meters. According to preliminary data, depending on the project capacity, its costs will vary from 1.2 billion to 4.5 billion euros.

The AGRI project envisages transporting Azerbaijani gas via pipelines to the Black Sea coast of Georgia, where the gas will be liquefied at a special terminal. The gas will then be delivered to a terminal at the Romanian port of Constanta via tankers.

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