Following the talks, the heads of government of the Republic of Kazakhstan and Georgia in the framework of the official visit of Prime Minister of Georgia Irakli Garibashvili in Kazakhstan, an agreement was reached on the return of control over the company "KazTransGas-Tbilisi" under control "KazTransGas".

Earlier in Tbilisi in the course of the next Kazakh-Georgian Intergovernmental Commission on bilateral trade and economic cooperation was signed a settlement agreement between the JSC "KazTransGas" and JSC "Bank of Georgia", according to which the debt was written off of "KazTransGas-Tbilisi" in the amount of $ 10 million for penalties and interest.

Another important step towards resolving the contentious issues in an agreement to restructure the debt of "KazTransGas-Tbilisi" to the Ministry of Finance of Georgia in the amount of 34 million. US dollars, which was formed in 2008-2009. for the supply of gas to the "Oil and Gas Corporation of Georgia."

Recall that in 2009 the company "KazTransGas-Tbilisi" Kutaisi court decision on the initiative of "Oil and Gas Corporation of Georgia" was introduced by a special control.

The national operator in the field of gas and gas in Kazakhstan JSC "KazTransGas" believes that the agreements demonstrate the common interest of the parties in the further development of constructive partnership and paves the way for implementation of the strategic business areas in the gas industry in Georgia.

reference:

December 26, 2005 in Tbilisi, a Memorandum on investment activities in Georgia between JSC "KazTransGas" and the Ministry of Economic Development of Georgia. In order to implement the Memorandum, "KazTransGas" March 2, 2006 created Ltd. "KazTransGas-Tbilisi" with 100% equity interest in the share capital registered in Georgia.

LLC "KazTransGas-Tbilisi" on the results of trades acquired gas transmission assets owned by JSC "Tbilgazi" at the price of 12, 5 million. US dollars.

The total length of the gas distribution system in Tbilisi is over 2,400 km., Incl .: 232 km of high, medium and 810 km 1372 km of low pressure. The company "KazTransGas-Tbilisi" serves over 300 thousand. Subscribers, including 4 thousand. 900 objects of public utilities, as well as up to 500 large industrial enterprises.

 

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