Romania, Azerbaijan, Georgia sign LNG memo

13 April, 2010
Romania, Azerbaijan and Georgia have signed a memorandum of understanding on the supply of liquefied natural gas from the Caspian region to Europe.

The natural gas produced by Azerbaijan will be sent via Georgia and Romania for onward delivery to EU consumers.

Two LNG terminals will be built, one in Romania, and one in Georgia.

The project, which is known as AGRI (Azerbaijan-Georgia-Romania-Interconnector), is expected to cost around four billion euros.