September 24, 2008

Kazakh Gas Firm Mulls Selling Assets in Georgia – Agency

Excerpt from report by corporate-owned Russian news agency Interfax

Astana, 24 September: The state company for managing Kazakhstan's main gas pipelines KazTransGaz is considering the issue of selling its assets in Georgia, that is the gas distribution company KazTransGaz-Tbilisi Ltd.

"The sale of this company is being discussed, as the project looks weak from an economic point of view. Furthermore, high political risks, I mean the current situation in the Caucasus. Although the conflict in the region is not the reason, but it prompted the consideration of the issue of the sale," an informed source told the Interfax-Kazakhstan news agency.

At the same time, the source in the agency stressed that "a political decision to sell the assets has not been taken yet".

Interfax-Kazakhstan does not have any official comments by the company.

In [the Georgian capital of] Tbilisi today, the opposition Labour Party of Georgia demanded that the Kazakh company KazTransGaz be expelled from the country and its assets be nationalized.

[Passage omitted: background information on the company]

Originally published by Interfax news agency, Moscow, in Russian 1258 24 Sep 08.

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