Today.Az » Business » Georgia will earn $2,5 billion from Baku-Ceyhan pipeline in 40 years
09 June 2006 [08:45] - Today.Az
Georgia will earn $2,5 billion from Baku-Tbilisi-Ceyhan Main Export Pipeline (BTC) in 40 years and 2,85 billion cubic meters gas from Baku-Tbilisi-Arzurum gas pipeline till 2011.
According to APA, Isaac Novruzov, Deputy Energetics Minister of Georgia, has told on XIII International Conference Caspian Oil & Gas 2006 in Baku. Saying that gas reservoirs are discovered in Georgia, Mr. Novruzov has said that it is possible to get yearly 3,5-4 billion cubic meters gas production in the reservoir nearby Tbilisi. After the operation of that reservoir, gas production in Georgia will rise twice. Consequently, Georgia will meet 25% of gas needs with its own production in 2010 and 45% in 2020.
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