Georgian Oil and Gas Corporation Announced an Auction for the Sale of Gas

18 February, 2014
JSC Georgian Oil and Gas Corporation (GOGC) has announced an auction for the sale of available 2 million cubic meters of natural gas and invites all the interested entities to take part in it.

The auction sale shall be conducted for 1 000 cubic meters of gas with respect to introductory price of 305 USD (without VAT) presented by the Corporation, with the further increase of 5 (five) USD trade step.

The participating auction bidder who offers the highest bid for purchasing 1000 cubic meters of natural gas will be nominated as the auction winner.

Interested Bidders shall, in advance, deposit GEL 50 in order to purchase auction participation ticket.

The auction will be held on 27 February, 2014, at 17:00 in the administrative building of Georgian Oil and Gas Corporation.