The Georgian subsidiary of Azerbaijan’s state energy company SOCAR has expanded its gas pipeline network in Georgia.
According to a statement from the Georgian government, SOCAR acquired 708.5 kilometres of additional pipeline for 24.2 million lari (around 8.5 million US dollars). The purchased infrastructure covers 20 of Georgia’s 72 municipalities.
The transaction follows expansion last year when SOCAR acquired 594 kilometres of pipeline for 21.3 million lari (around 7.4 million US dollars).
In January, the Azeri state energy company also purchased Telavgas, a Georgian energy firm operating in the country’s Telavi district.
SOCAR Georgia Gas is one of the major suppliers of natural gas and oil to Georgia. The company also operates more than 115 petrol stations across Georgia.