Even though the news is 2 days old now, I like looking over different articles to see if anything different spills out.. Here's a report from Georgian Radio Maestro.. Same stuff, Frontera to supply Ukraine with gas etc, but this bit at the end has me baffled.. "According to the newspaper, "Naftogaz had" had previously said that the company "Frontera with the" Memorandum of Understanding was signed on cooperation in the field of natural gas imports. "Frontera" shepasebeit, Georgia with natural gas reserves of 300 billion cubic meters per 266 fixed-term deposits. Ipn.ge
266 fixed term deposits ?... Any ideas what that could mean ?... Gas price fixed at $266 ?
Turkey, Georgia open $220m power plant Published 3 hours ago
"Leading Turkish energy company Çalık Enerji has established a combined natural gas cycle power plant in the Georgian city of Gardabani. Having been completed in less than two years, the 230-megawatt capacity power plant constitutes 8 percent of the country's total installed capacity. The $220 million facility is located 39 kilometers south of Georgia's capital Tbilisi.
So thats the new power plant opened.. That will be needing copius amounts of natural gas soon :-)
what happened to nobull he seems to have disappeared from these boards - either been bumped off or paid off!! I used to like his contrary view of all this - would have liked his thoughts now NOBULL are you there.
I agree regdik we do need to keep our feet firmly on the ground as SN will do his upmost to make sure the SP stays as low as possible until he's ready to release the brakes, on news and what forecast targets he has in place. The situation we have now I do believe is very much different to the one SN has managed to keep a handle on in the past. The project targets to supply Ukraine will be set in stone and there will be deadlines and production milestones which will have to maintained and disclosed. If the supply is to be believed and we really are talking about an eventual 5bcm this is huge and believe will run into the hundreds of mmcfpd. The acceleration I believe has already started and as I stated in my previous post I would not be surprised if we are already significantly past our previous level. Time will tell hopefully in one of the next updates to come. GLA. Sia.
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