Tariff agreement signals important step for natural gas line to Turkey

Government officials from Azerbaijan and Georgia signed an agreement late last month in Baku that signals another important step toward construction of a gas export pipeline into Turkey. Azerbaijan President Heydar Aliyev and Georgia President Eduard Shevardnadze were joined in the signing by Minister of Fuel and Energy of Azerbaijan Majid Karimov and the president of the Georgian International Oil Co. Georgi Chanturia. The intergovernmental agreement covers details of the transit, transportation, and sale of natural gas in the two countries through which the South Caucasus pipeline system will run.The agreement embodies the principles of freedom of transit of gas through the states, the ...

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