facebook
twitter
rss
account
search
search
 

Penspen to review Azeri gas route

Sept. 27, 2012 at 6:53 AM   |   Comments

LONDON, Sept. 27 (UPI) -- British energy consultant Penspen announced it signed a contract for a feasibility study that examines a gas interconnector project from Azerbaijan to Hungary.

Penspen signed the contract with AGRI LNG, a group representing the national oil and gas companies in Romania, Azerbaijan, Georgia and Hungary. The contract calls for an examination of the aspects surrounding the Azerbaijan-Georgia-Romania- Hungary Natural Gas Interconnector Project, dubbed AGRI.

AGRI is meant to transport and market natural gas from Azerbaijan to central Europe through liquefaction and regasification points along the coasts of Georgia and Romania.

Michael Simm, director of onshore projects for Penspen, said AGRI could play an important role in the so-called Southern Corridor, a network of natural gas projects meant to bring diversity to a European market that relies on Russian gas.

"AGRI has the potential to open the way for Azerbaijani gas exports into Central Europe and we look forward to supporting this important project," he said in a statement.

The Romanian, Azeri, Georgian and Hungarian governments in 2010 signed a memorandum of understanding to cooperate in the liquefied natural gas sector. Penspen said this agreement laid the groundwork for AGRI.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
4
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
5
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
Trending News
Around the Web
x
Feedback