Romania, Azerbaijan and Georgia sign Memorandum on AGRI project

Publish date: 14-04-2010
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Romania, Georgia and Azerbaijan have signed on Tuesday, in Bucharest, the Memorandum of Understanding (MoU) on the Interconnection (AGRI) project, namely tthe construction of liquefied natural gas (LNG) terminals through which natural gas can be transported from the Caspian Sea to Europe, from Azerbaijan through Georgia and Romania.

"The Memorandum of Understanding concluded between the three sides will allow the implementation of the natural gas transport project called 'Azerbaijan, Georgia, Romania Interconnection (AGRI)'. Romania will insist this one becomes one of the priority projects at European level", stated Minister of Economy, Trade and Business Environment in Romania Adriean Videanu, on the occasion of the MoU signing ceremony.

As well, he pointed out that the company headquarters in charge with the implementation of this project will be set up in Bucharest and that it will be established in the shortest time possible.

"The project company will be headquartered in Bucharest, and will be in charge with all the feasibility studies on the AGRI project. Azerbaijan finalized a feasibility study and Romania a study on the terminal in Constanta. But a company to present sides all the necessary data for the achievement of this project is also needed. Tomorrow (Wednesday - editor's note) we will start approaches for the setting up of the company and for deciding its statute. We must have a joint standpoint on the company statute. We already have some options for its headquarters", said Videanu.

The MoU was signed by the Minister of Economy, Trade and Business Environment Adriean Videanu, Azeri Minister of Industry and Energy, Natig Aliyev, and Georgia's Energy Minister, Alexander Khetaguri.


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