EIB TO HELP GEORGIA BOOST ENERGY SECURITY BY BUILDING UNDERGROUND GAS STORAGE FACILITY
February 1st, 2018
THE EUROPEAN Investment Bank (EIB) is planning to lend Euro EUR100 million to Georgia to convert a depleted oil field at the Samgori South Dome, in the east of the country, into an underground storage facility for natural gas. The goal, said an EIB note, is to increase security of energy supply in Georgia during supply disruptions and “secure peak and seasonal demand of household and electricity producers without increasing Georgia's dependency on its single and key supplier (Azerbaijan)”. The money would be lent to the JSC Georgian Oil & Gas Corporation ...
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