Unlocking Georgia’s gas potential
The country is making its upstream sector more attractive to investors as it aims to boost production of oil and gas, with the latter the main focus
Georgia produces only modest amounts of oil and gas—about 27,000b/d of the former and 15.6mcm of the latter. In the case of gas especially, this leaves the small Caucasus nation heavily dependent on its neighbours for energy security, as gas accounts for more than 40% of its final energy consumption. Most of Georgia’s gas comes from neighbouring Azerbaijan and its giant Shah Deniz field in the Caspian Sea, supplemented by flows from Russia. The government is seeking to revitalise its upstream sector by offering highly investor-friendly conditions to encourage further exploration and development, both onshore and offshore in the Black Sea, George Bibineishvili, head of upstream at the state-o
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
