Gazprom interested in privatization of Georgian pipelines

RosBusinessConsulting Database
November 11, 2004 Thursday 9:54 am, EST

Gazprom has confirmed its plans to take part in the privatization of
backbone gas pipelines and gas distributing organizations in Georgia.
According to Sergey Kuznets, the chief of the Division of Legal
Support for International Operations of Gazprom’s Legal Department,
the Georgian government is now preparing a list of properties to
be privatized. Kuznets pointed out that Gazprom was interested in
privatizing gas pipelines in Georgia, as gas supplied to Armenia
goes via this country. Georgian gas pipelines are often used rather
inefficiently, and Gazprom is facing problems with gas transportation
in this connection, Kuznets explained.

As for the possibility of Gazprom’s participation in laying a gas
pipeline from Iran to Armenia, Kuznets said the gas company was
interested in that project. Gazprom plans to supply fuel to Armenian
power plants and than export electrical power to Iran, the company’s
representative added.