Georgia has not decided yet on sale of shares of Armenia-bound gas pipeline

Georgia has not decided yet on sale of shares of Armenia-bound gas pipeline
February 11, 2011 - 13:20 AMT

PanARMENIAN.Net - Citing Kursiv agency, Azerbaijani media reported that the Georgian authorities are going to offer 25% of shares of North-South gas pipeline, through which Russian gas is delivered to Armenia, on London Stock Exchange.

“The control stake sale is not envisaged. This refers to 25% of shares. It may happen next year,” media quoted Georgian Minister of Energy Alexander Khetaguri as saying.

“The sale of shares is within the plans of the Georgian Oil and Gas Corporation, what has been numerously reported by the Minister of Energy,” the press service of the Georgian Ministry of Energy told a PanARMENIAN.Net reporter.

However, according to the source, the sale of shares of a range of Georgian energy companies, including 25% of North-South gas pipeline’s shares is only under consideration, and there are no certain terms.

Azerbaijan, Russia, Armenia and Kazakhstan display interest in the gas pipeline.

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