International Energy Corporation Will purchase Gas Obtained From Ninotsminda Gas Field

11 May, 2012
GOGC sold available gas obtained from Ninotsminda gas field. International Energy Corporation purchased 2 million cubic meters of natural gas at $ 255 through auction.

Two companies - International Energy Corporation and Agaas expressed their interest to participate in the auction.

The auction was conducted for 1 000 cubic meters of gas with respect to introductory price of $245 presented by GOGC with further increase of $5 trade step. International Energy Corporation offered the highest price - $255 for 1 000 cubic meters.

The auction on the sale of gas was announced on May 8, 2012.