Georgia Plans UGS Facility Construction in 2016
Georgia could soon build an UGS facility on the Samgori South Dome field to increase its energy security.
‘Georgian Oil and Gas Corporation has announced an international open tender for the purpose of preparation of the feasibility study for construction of the Underground Gas Storage on Samgori South Dome field’ reads a note released on Wednesday.
Georgia is the only country in the region without UGS facilities.
‘The results of the conducted analysis have shown that the Middle Eocene horizon of Samgori South Dome is the most optimal structure in terms of the gas storage construction. After completion of the gas storage construction it will be possible to store 230-250 million cubic meters of natural gas in it, which equals to about 15% of annual consumption currently.’
The company, which is currently studying alternatives to finance the project, expects to complete the feasibility studies by the end of the year. Construction activities should start in 2016.