Azerbaijan’s state oil company SOCAR doesn’t see progress in the project for construction of an underground gas storage facility in Georgia for the present, a source in SOCAR said.
Currently, Georgia is waiting for completion of the project’s feasibility study by the French Geostock company, the contractor of the project.
“The full and comprehensive feasibility study is not ready for the present. The issue is that there can be additional wells, which were not earlier taken into account on the territory of Samgori field where the gas storage will be built. Geostock company is elaborating the feasibility study by taking into account those wells”, said the source.
“For the present, there is no information about progress. However, the work continues. It was announced that the feasibility study will be completed in autumn, but it is impossible to specify the date”, added the source.
It is planned to start the construction of the gas storage facility in 2016.
After the completion of the construction, it will be possible to store 230-250 million cubic meters of natural gas, or around 15% of the gas consumption in Georgia.
SOCAR intends to take part in the construction of the gas storage facility in Georgia, since the Azerbaijani gas supplied to this country by the company will be the primary resource for injection into the gas storage. (Trend/Business World Magazine)