The country intends to partner in the development of the project by the establishment of a joint venture once it reaches an agreement with the Azerbaijani government.
State Oil Company of Azerbaijan Republic and State Agency for Investment and National Projects will be part of the joint venture, which will prepare a feasibility study for the project which is expected to transport 20-30 billion cubic meters of gas every year, according to en.apa.az.
Ukraine is ready to invest about 10% of the project’s total cost if the pipeline will be linked to Kulevi LNG terminal in Georgia.
The Trans Caspian pipeline will increase the transshipment volume through the Kulevi oil terminal from current 10 to 20 billion cubic meters per year.
