Common Contracts
1 similar Transit Agreement contracts
Legal Aspects of Georgia -GAZPROM EXPORT Transit AgreementTransit Agreement • March 9th, 2017
The Transit of Russian gas to Armenia, through the territory of Georgia, has been carried out since the commissioning of North-South Caucasus main gas pipeline in 1991. The Transit price for Georgia, defined as in-kind payment (10% of transited gas), was effective including 2016. However, since 2017 the Transit conditions changed following the new agreement between the Ministry of Energy of Georgia and “Gazprom Export”. The Transit fee under this new agreement was defined as monetary compensation, which is undisclosed and declared as a “commercial secret” by Georgian authorities. Officials indicate that Georgia had to agree to worsened conditions though it is difficult to estimate the value of economic loss.
