AZERBAIJAN - Sept. 29 - Georgia Signs Gas P/L To Turkey Deal.Pres. Aliyev and his Georgian counterpart Eduard Shevardnadze Eduard Shevardnadze (Georgian: ედუარდ შევარდნაძე; Russian: in Baku sign an agreement on the transit, transport and sale of natural gas, paving the way for a gas pipeline project from a giant BP-led offshore Shah Deniz field to Turkey. Aliyev says the first delivery of gas through the pipeline would be made in 2004. He adds: "I am sure that the pipeline will be built within the prescribed pre·scribe v. pre·scribed, pre·scrib·ing, pre·scribes v.tr. 1. To set down as a rule or guide; enjoin. See Synonyms at dictate. 2. To order the use of (a medicine or other treatment). timeframe and become a guarantee for security, stability and peace in the region". The president of the Azeri state oil company SOCAR SOCAR State Oil Company of Azerbaijan Republic SOCAR Shuttle Operational Capability Assessment Report , Natik Aliyev, says Georgia wants to receive its transit tariff of $2.5 per 1,000 cubic metres Noun 1. cubic metre - a metric unit of volume or capacity equal to 1000 liters cubic meter, kiloliter, kilolitre metric capacity unit - a capacity unit defined in metric terms for the first five years of the agreement in the form of 5% of the total volume of gas transited through the pipeline. The agreement accounts for a maximum transit tariff of $5 per 1,000 cubic metres of gas over 20 years. From 2004, Georgia is to buy additional gas of up to 500 MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. a year from Azerbaijan at an average price of $55 per 1,000 cubic metres. |
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