Giorgi Kobulia - Construction of gas storage will enable us to protect ourselves from the risks
Giorgi Kobulia - Construction of gas storage will enable us to protect ourselves from the risks

Construction of the gas storage will enable us to protect ourselves from the risks, – Georgian Economy Minister Giorgi Kobulia told reporters.

According to Kobulia, after the implementation of this project, it will be possible to purchase gas when it is cheaper and create gas reserves for one month and a half.

“This project will enable us to protect ourselves from the risks. After the gas storage is constructed the country will have gas reserves for one month and a half. This project is commercially profitable, because we can purchase the gas when it is cheaper,” Kobulia said.

Prime Minister of Georgia Mamuka Bakhtadze said at a news conference before the Cabinet meeting on Friday that the construction of underground gas storage would be launched in Georgia.

PM Bakhtadze said that a 150 million Euros loan agreement would be signed between Germany’s Reconstruction and Development Bank and the Georgian Oil and Gas Corporation.