GEORGIA SAYS GAZPROM OWES $2 MLN IN GAS TRANSIT ARREARS
Prime-Tass English-language Business Newswire, Russia
August 6, 2007 Monday 5:47 PM EET
Russian natural gas export monopoly Gazprom owes Georgia U.S. $2
million in arrears for gas transit services provided in May through
July, a spokesman for the Georgian Oil and Gas Corporation (GOGC)
Gazprom supplies its gas through Georgia to Armenia, another
Under an agreement between the GOGC and Gazprom, Georgia is allowed to
either take 10% of Russian gas transported via its territory to Armenia
as payment for gas transit services or collect cash from Gazprom.
In May through June, Georgia received all of its gas supplies from
Azerbaijan, the spokesman said.
Georgia may need to get some of its gas from Gazprom in the coming
winter months and pay with the accumulated arrears, the spokesman said.