Date: 7 months ago   Category: Economy

Germany will help Georgia to find power independence


Germany has allocated to Georgia 150 million euros for construction of the country's first gas storage, it is said in the statement of the German Embassy in Tbilisi. Materials on teme00:01 — in спинуГазопровод bypassing Russia will start on May 21 the Skewer on the Russia Day. Thanks of Turkey and to Azerbaijan "On behalf of the Federal Ministry of Economic Cooperation and Development of KfW grants the loan for development of 150 million euros for construction of the first underground gas storage in Georgia. The total amount of investments will be 220-250 million euros and will be financed by KfW, the European Investment Bank (EIB) and the state Georgian oil and gas corporation (GOGC)" — it is said in the press release. The expected power of storage will be 400 million cubic meters of gas that equals to 10-15 percent of needs of Georgia. It is noted that his existence will allow to reduce power dependence of Tbilisi on neighboring countries. Besides, construction of storage is provided by the agreement on association which Georgia and the European Union have signed in 2014. In January, 2018 Georgia has finally refused purchases of gas in Russia. He was replaced by the Azerbaijani fuel which the authorities of the country consider more favorable. Also Tbilisi and Moscow have passed to monetary calculation for transit of the Russian gas to Armenia through the territory of Georgia. Before payment was made partially by raw materials. It is more than important news in Film of Day Telegram-channel. Subscribe!

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