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Minister of Economy: Negotiations Underway for Essential Improvement of Contract with GAZPROM

“The negotiating process is continued to essentially improve the current contract conditions. We expect the process to end in 2 weeks and the results will be divulged to the whole society”, Minister of Economy and Sustainable Development Giorgi Kobulia told Rustavi 2 TV company.

Prime Minister Mamuka Bakhtadze noted that changes will be made to the Georgia’s contract with GAZPROM and the details will be unveiled to the Georgian society.

“Ministry of Economy is obliged to inform our society about any changes to the contract”, the Prime Minister noted.

Foreign Minister David Zalkaliani says that the Georgian state interests will be protected in the new contract. As reported, the revised contract between Georgian Gas Transportation Company and GAZPROM came into force in 2017, under which the conditions for transporting Russian gas to Armenia changed. Before, Georgia used to receive 10% of the transported Russian gas, while under the 2017 revisions, Georgia receives the gas transportation price in cash and the contract conditions are classified.

The mentioned contract validity expired on December 31, 2018.