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The title already tells you which direction the article will take -
“Democratic” cooperation with the United States turned into a gas scam for Georgia
21:11 January 19, 2020 3 169 Tbilisi, Georgia
Information on the availability of large reserves of natural gas in Georgia was initially in doubt, said Alexander Perov, head of special projects of the National Energy Security Fund.
Georgians became victims of gas fraud
Georgian Deputy Speaker Georgy Volsky said that US Congressman Markwane Mullin was biased, saying that the Georgian state was deviating "from democratic values ??and economic prosperity."
The reason for this was the situation with the company Frontera Eastern Georgia, which is conducting proceedings in the Stockholm arbitration with the Georgian International Oil and Gas Corporation. The reason for this arbitration was the failure of history with 5 trillion cubic meters of gas, which American experts allegedly found in Georgia, but which in practice turned out to be a media illusion.
Three years ago, the American company Frontera Resources, whose “daughter” is involved in the Stockholm trial, announced that Georgia had found reserves of 5 trillion cubic meters of gas and it would take only five years for Tbilisi to become an importer of this natural raw material, but Today, this story ended with a political scandal and a hasty winding up of the Georgian gas project.
It is not yet completely clear who deceived whom and how here, but it is obvious that another precedent occurred in Georgia when the wish was passed as valid in order to receive investment funds for the production of non-existent gas.
“Hydrocarbon production in Georgia, if it makes sense, is only on the shelf of the Black Sea, since this area really has sufficient hydrocarbon reserves - one can recall at least the Crimean projects,” Perov notes.
Similar undertakings exist in Romania and Bulgaria, which plan to develop their production on the Black Sea shelf, but within the framework of this Georgian history, which is very difficult to judge, the conversation was about a slightly different direction of mining activity.
“It is possible that Georgia has reserves of 5 trillion cubic meters of gas, but such statements are highly doubtful. It is difficult to judge the gas reserves in the continental Georgian territory, but this story was not initially credible. It was obvious that this was a fraud aimed at receiving dividends from the gullibility of Georgian authorities and investors, ”Perov concludes.
In practice, Mullin defends the interests of Frontera Resources through rhetoric about “democratic values.”The senator did not like the fact that Tbilisi began a trial with the American structure, which once declared the presence in this country of 5 trillion cubic meters of gas.