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  • Georgian Pipeline Sale

    Moscow Times, Russia
    Feb 26 2005

    Georgian Pipeline Sale

    TBILISI, Georgia (Reuters) -- Georgia plans to make hundreds of
    millions of dollars on the sale of pipelines that supply Russian gas
    to supply Georgia and Armenia, Georgian Economy Minister Kakha
    Bendukidze said Thursday.

    "We want to sell the coastal pipelines to Gazprom or to a Western
    investor," Bendukidze said, adding that the sale would include a
    clause to guarantee supplies to Georgia.

    "The price for the pipeline will not be tens of millions but hundreds
    of millions of dollars."

    He also said the buyer could extend the network, enabling Gazprom to
    pipe gas from Russia to Turkey.
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