Georgian Oil and Gas Corporation Announced an Auction for the Sale of Gas

10 April, 2019
Georgian Oil and Gas Corporation (GOGC) has announced an auction for the sale of natural gas and invites all the interested entities to participate in the it.

Natural gas will be sold as per the following lots:

Lots #1 - #10 the amount of each lot totals to 1 000 000 cubic meters of natural gas;

Lots #11- #15 the amount of each lot totals to 2 000 000 cubic meters of natural gas;

Lots #16- #17 the amount of each lot totals to 5 000 000 cubic meters of natural gas.

The auction sale will be conducted for 1 000 (thousand) cubic meters of gas with respect to introductory price of GEL 618,54 (excluded VAT) with the further increase of GEL 5,38 trade step.

Interested entities shall submit necessary documentation to Georgian Oil and Gas Corporation until 14:00 pm (Tbilisi time) April 17, 2019. The auction will be held on the same day at 16:00 pm (Tbilisi time) in the administrative building of GOGC (Kakheti Highway 21, Tbilisi, Georgia).

Further details about the auction can be obtained at www.gogc.ge