It is being touted as a project that could beat the long-delayed Nabucco pipeline to the finish line. Even so, the recently unveiled Azerbaijan-Georgia-Romania Black Sea liquefied natural gas export route appears to be long on promises and short on financing.
Known as the Azerbaijan-Georgia-Romania Interconnection Project (AGRI), the project plans to supply roughly 6- to 8-billion cubic meters of liquefied Azerbaijani natural gas per year to Europe via Black Sea tankers. The project would circumvent both Russia and Turkey, two of the South Caucasus’ main energy transit corridors. [For background see EurasiaNet’s archive].
The gas would run via pipelines from Baku to the Georgian Black Sea port of Poti, where it would be liquefied. Tankers would then transport the gas to the Romanian Black Sea port of Constanta, where the LNG would be converted back into gas and shipped onward to Western Europe. Romania contains underground gas storage facilities and a network of pipelines to Bulgaria and Hungary.
To read the full story
Nino Patsuria is a freelance reporter based in Tbilisi.