Georgia announces construction of underground gas storage facility

A local company committed to ensuring energy security in the country has announced plans to construct an underground natural gas storage facility for the sake of safeguarding the country’s natural gas supply.

Georgian Oil and Gas Corporation (GOGC) announced the facility will be built on the territory of the south Samgori’s capped oil field. It will offer the ability to accommodate seasonal and short-term fluctuations in the demand for natural gas.

A company official said the storage facility would contain 230-250 million cubic metres of natural gas – which was enough to satisfy 15 percent of the country’s annual need.

GOGC was responsible for the gas supply network of the country, security of gas supply and diversification of such supply routes. It believed a new gas storage facility would be a strategically important project for the country and would increase the level of energy security in Georgia.

A technical and engineering feasibility study of the project will be completed in the near future.