Socar Georgia Gas Distribution will Purchase Gas from GOGC

08 July, 2014
Socar Georgia Gas Distribution will purchase from Georgian Oil and Gas Corporation(GOGC) 2 million cubic meters of available gas extracted from the Ninotsminda gas field.

The auction was conducted for 1 000 cubic meters of gas with respect to introductory price of $300 presented by GOGC with further increase of $5 trade step. Socar Georgia Gas Distribution offered GOGC- $305 for 1 000 cubic meters.

GOGC announced the auction for the sale of available natural gas obtained from the Ninotsminda gas field on June 30. The auction was held on July 7, 2014. The agreement with the auction- winning company will be concluded in the nearest future.