Gazprom might limit gas shipments to Georgia

Interfax
June 15 2004

Moscow. (Interfax) – Gazprom might move to limit gas shipments to
Georgia, the company’s deputy executive board chairman Alexander
Ryazanov announced at a Tuesday press conference in Moscow.

Gazprom management plans to meet with Georgian representatives to
discuss issues of Georgian debt, for which there has yet to be a
payment schedule, Ryazanov reported. Georgia owes $12 million for gas;
factoring in debts for gas supplied earlier Georgia’s overall debts
are reaching $50-$60 million.

Ryazanov said Gazprom has suggested to Georgia the setting up of a
joint venture for upgrading the trunk gas pipeline running through
Georgia to Armenia, but a decision has yet to be made.