BP Magazine shows the best of Georgia
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An international magazine by British Petroleum (BP) Group has published a special edition about Georgia highlighting the rich heritage of the country and BP’s activities here.
The article stated BP and its partners were now working on a new project that represented the single largest foreign investment in Georgia at $2 billion USD over the next four years.
The project aimed to extend Georgia’s role in transporting oil and gas to Europe.
Situated at the crossroads of Asia and Europe, Georgia is set to broaden its vital role in the transportation of hydrocarbons from the resource-rich Caspian Sea to markets farther west. A new $2 billion USD project with BP and its co-venturers is helping to secure the country’s place as an important business hub in the region, as well as strengthen its ties with partners beyond,” said the article.
Along with neighbouring Azerbaijan, Georgia is at the "top end” – close to the hydrocarbon source – of the Southern Gas Corridor (SCP) that will deliver vast quantities of Caspian gas to Turkey and on to Europe.
As well as expanding part of the existing SCP, the development meant two new gas compressor stations for the country – facilities that will require new skills to operate new technology.
Watch this comprehensive video about BP's work in Georgia.
The BP magazine also highlighted closer ties between Georgia and the European Union (EU) and said the bilateral relations deepened in June 2014 when Georgia signed its Association Agreement (AA) with the EU.
BP also reviewed Georgia as a touristic hot-spot and showcased the main attractions of capital Tbilisi and the Black Sea resort town Batumi.
There is the charm of winding alleyways and the dome-shaped sulphur baths that jut out like giant beehives in the old town, in contrast to the daring modern architecture on the banks of the Mtkvari River, with the glass Bridge of Peace and curious tubular design of the newest concert hall. However, Tbilisi does have to vie for visitor attention with another destination, a five-hour drive west to the shores of the Black Sea,” said BP.
Among its other social investment projects in Georgia, BP focused on education. Its longest-running partnership in this area was with the British Council providing English language trainings for media professionals – something it’s done since 2005.
See in numbers the South Caucasus Pipeline expansion in Georgia.
Infographic by BP.
Georgia will receive more natural gas from 2018-19
South Caucus Pipeline (SCP) expansion works are entering the final phase to increase the gas capacity of the pipeline to 16 billion cubic metres (m3) per year.
Azerbaijan is increasing the amount of natural gas it supplies to Georgia almost two-fold. Georgia will receive an additional 500 million cubic meters of natural gas from Azerbaijan, Georgia's main gas supplier, bringing the amount it receives to 1.3 billion cubic metres (m3) per year.
A major explosion that struck the South Caucasus Pipeline (SCP) in Turkey will not affect Georgia’s gas supply, confirmed a Georgian official today.
The European Union (EU) is extremely interested in expanding energy cooperation with Caspian Sea countries, said EU Ambassador to Azerbaijan Malena Mardi at the Caspian Oil and Gas forum held in Baku yesterday.
Work has begun today on a new gas pipeline that will travel through Georgia to better connect Europe with gas from the Caspian Sea, thus reducing dependence on Russian gas.
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Georgian Prime Minister Giorgi Gakharia has met with Gary Jones, the Regional President for Azerbaijan, Georgia and Turkey of the British multinational oil and gas company British Petroleum (BP) to discuss perspectives of strategic cooperation earlier today.