The State Oil Company of the Azerbaijan Republic, SOCAR said the AGRI LNG project Board of Directors met in Bucharest, Romania this week.
The Board discussed the results of the report on AGRI feasibility study provided by Penspen of UK and suggested to organize the General Assembly of Shareholders of AGRI LNG in January or February 2015.
Shareholders in the AGRI LNG project aimed to supply LNG from the Caspian region through Georgian coast of Black Sea to Romania, Hungary and other Eastern European countries are SOCAR, GOGC of Georgia, Romanian Romgaz and MVM of Hungary all with an equal 25% stake in the project.
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LNG World News Staff; Image: SOCAR