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AGRILC – Azerbaijan to Romania Interconnector – Azerbaijan - Project Profile

AGRILC – Azerbaijan to Romania Interconnector – Azerbaijan - Project Profile

Synopsis

"AGRILC – Azerbaijan to Romania Interconnector – Azerbaijan - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "AGRILC – Azerbaijan to Romania Interconnector – Azerbaijan - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

AGRI LNG Co. (AGRILC), a company formed by Romgaz (Romania), State Oil Company of Azerbaijan Republic (Azerbaijan), Georgian Oil and Gas Corporation (Georgia), and MVM (Hungary), is planning to undertake the Azerbaijan to Romania Interconnector project between Azerbaijan to Romania via Georgia.

The project involves the construction of an interconnector gas pipeline from Azerbaijan to Romania via Georgia.

The interconnector will transport Azerbaijani natural gas through pipelines to Georgia's Black Sea coast, where it will be liquefied at a special terminal at the port of Kulevi with a capacity of 7 billion m3 of natural gas per year, of which 2 billion m3 will be consumed in Romania.

The LNG will be taken by tanker across the Black Sea to the Romanian port of Constanta for onward supply to Romania and Hungary and other potential European customers.

In Kulevi, the liquefied natural gas export terminal (LNG plant) would be built. Liquefied natural gas will be transported by LNG tankers to the Constanta terminal in Romania.

The project includes the construction of a terminal, liquefaction unit, refrigeration unit, storage unit and other infrastructural related facilities and the laying of gas transport pipeline.

On February 17, 2010, Romania also signed a memorandum of understanding (MoU) for Azerbaijan gas supplies.

On April 13, 2010, the Minister of Industry and Energy of Azerbaijan Natig Aliyev, Minister of Economy, Commerce and Business Environment of Romania Adriean Videanu and Georgian Energy Minister signed a memorandum on the implementation of project and establishment of the project company headquartered in Bucharest.

On September 14, 2010, SOCAR, Romgaz and the Georgian Oil and Gas Corporation signed the original memorandum of understanding (MoU) on the creation of a joint venture to supply liquefied natural gas from Azerbaijan to Romania via Georgia.

After regasification, natural gas will be delivered through the existing gas grid to Romania and other European countries. An alternative to the transportation of liquefied natural gas is the transportation of compressed natural gas.

In February 2011, Hungary joined the AGRI project, where each of four countries will have 25% share.

In November 2011, Serbia expressed interest in joining Azerbaijan-Georgia-Romania-Interconnection liquefied natural gas project.

Penspen Ltd was appointed as the feasibility study consultant.

In April 2015, AGRILC approved the project feasibility study.

On June 25, 2015, Azerbaijan, Georgia and Romania signed a Joint Declaration to develop the project.

In December 2015, Bulgaria and Greece signed an investment agreement to build a pipeline, which will carry gas from Azerbaijan to Romania and Hungary with an initial annual capacity of 3 billion cubic meters.

In May 2017, the Feasibility Study was finalized.

Planning activities are underway.

Stakeholder Information:
Planning Authority: Ministry of Ecology and Natural Resources of Azerbaijan
Associate Developers: Romgaz (Romania), State Oil Company of Azerbaijan Republic (Azerbaijan), Georgian Oil and Gas Corporation (Georgia), and MVM (Hungary), Transgaz (Romania)
Feasibility Study Contract: Penspen Limited

Scope

The project involves the construction of a interconnector to transport Azerbaijani natural gas through pipelines to Georgia's Black Sea coast with a capacity of 7 billion m3 of natural gas per year between Azerbaijan to Romania via Georgia.

The US$6,190 million project includes the following:

1. Construction of a terminal

2. Construction of liquefaction unit

3. Construction of refrigeration unit

4. Construction of storage unit

5. Laying of gas pipelines

6. Construction of infrastructural related facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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