Georgian Industrial Energy Corporation (GIG)

"Referring to a contract between the Georgian International Energy Corporation and NIGC that was signed last year, Araqi said the deal has not taken effect yet. Reportedly, NIGC signed a contract to export a total of 40 million cubic meters of gas to the privately-owned Georgian International Energy Corporation under a four-month pilot agreement. Nonetheless, for the contract to be carried out, permission should first be obtained from Armenia that shares borders with both Iran and Georgia." (January 2018)

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The National Iranian Gas Export Company has signed a contract to export natural gas to a privately-owned company in Georgia under a four-month pilot agreement.The report states that the agreement amounts to “a total of 40 million cubic meters of gas (around 333,000 cubic meters per day) to the Georgian International Energy Corporation over four months”.”  (Financial Tribune, “Iran, Georgia Firm Sign 4-Month Gas Export Contract,” 8/1/2016).