By Mamuka Tsereteli
March 10th, 2016, The CACI Analyst
On March 4, 2016, Georgia and Azerbaijan reached a deal that allows Georgia to receive close to 500 million cubic meters (mcm) of additional gas annually from Azerbaijan. Georgia’s Minister of Energy Kakha Kaladze announced after the signing that Georgia will no longer need to buy additional volumes of gas from Gazprom. This ends several months of speculation about Georgia’s concessions to Gazprom, fueled by a number of controversial statements by government officials. This agreement strengthens the strategic partnership between Azerbaijan and Georgia, and keeps Georgia from becoming further affected by Gazprom’s coercive power.
- Georgia
- Azerbaijan
- SOCAR
- Gazprom
- Natural gas
- Russia
- Kakha Kaladze
- Shah Deniz gas field
- South Caucasus
- South Caucasus Pipeline
- USTDA
- Shah Deniz II gas field
- Turkey
- Frontera Resources
- Pankisi gorge
- Russian foreign policy
- Energy markets integration