Industry and Energy

Home page

Industry and Energy

Summit on AGRI project to be held in Baku, September

06 August 2010 10:58 (UTC +04:00)

Presidents of Azerbaijan, Georgia and Romania are expected to sign Baku Declaration at the summit. The experts will meet in Baku on September 6 for coordinating the joint declaration, the ministers of the three states will meet on September 13.

Baku summit of the three presidents will also be attended by president and energy commissioner of the European Commission.

Azerbaijan, Georgia and Romania signed a memorandum of understanding on the implementation of the AGRI project (Azerbaijan-Georgia-Romania Interconnector) in Bucharest on April 13, 2010. Within the framework of the AGRI project Azerbaijanâ€™s gas will be transported to the Black Sea, liquefied in the special terminal, delivered to the terminal in Constanta port through the Black Sea, later it will be delivered through the existing gas grid to Romania and other European countries. Two separate pipelines will be constructed from Constanta to Bulgaria and Hungary to export Azerbaijanâ€™s gas to the EU countries.

Liquefied gas terminals will be established in Constanta (Romania) and Kulevi (Georgia) within the framework of the project.

On May 24, Azerbaijanâ€™s President issued an order to confirm â€œThe Memorandum of Understanding on cooperation in the field of LNG and its transportationâ€ signed in Bucharest. Under the order, Azerbaijanâ€™s Ministry of Industry and Energy was commissioned to ensure the implementation of the memorandum.