“The gas consuming countries in the region are located close to exporting countries,” he said. “In addition, there isn’t a major consumer of liquefied and compressed natural gas in the region, while a terminal is needed to store large amounts.”
“For this reason, investing in construction of a terminal right now wouldn’t be practical,” said Aliyev. “SOCAR has a large oil terminal in Kulevi, which is very efficient and has established an infrastructure.”
“In case of any appropriate condition in the future, we will consider the possibility of building an LNG terminal,” he added.
The terminal in Georgia’s Kulevi was commissioned in May 2008.
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