Brief project description
Project aims to employ a reverse swap mechanism to solve the gas market seclusion problem of Georgia. Reverse swap can be enabled via installation of the Second offtake point of the SCP pipeline or the upgrade of the only existing offtake. Additional gas volumes to be received technically, will give possibility to bring LNG to Italy/Greece regasification ports for TAP gas buyers, and offtake those volumes from SCP in Georgia. Apart form possible profit gains, supply diversification, the project helps to make the gas market in Georgia competitive, as well as have positive impact on Italy/Greece and connected EU gas market with bringing additional volumes, enhanced contractual possibilities to EC members involved, as well as the project opens the Georgian market for new traders.