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1. Rezonansi: “KAZTRANSGAZ TRIES TO PERSUADE GAZPROM INTO 110 DOLLARS”
   (Economic Press Monitor: December 19, 2006)

   According to Gigi Koiava, general director of KazTransGaz-Tbilisi, Tbilisi gas distributor, the company is in negotiations with Russian Gazprom on decreasing gas tariff next year from declared $230 to $110 per 1,000 cubic m.

   Koiava hopes that Kazakh investors of the company will be able to persuade Gazprom’s management for benefits.

2. GEORGIA TO CONTINUE RECEIVING GAS FROM RUSSIA NEXT YEAR
   (Daily News: December 22, 2006)

   Prime Minister Zurab Nogaideli has confirmed today that Georgia will continue to purchase gas from Russia next year. Later he specified that Russian supplies will be conducted “during few weeks” only, until Azerbaijani gas delivery will start.

3. STANDARD BANK IS BROADENING ITS BRANCH NETWORK
   (Daily News: December 11, 2006)

   As Standard Bank reports, 20 more new branches are planned to open next year. Yet, two new branches will be opened in Tbilisi by the end of this year – on Tsereteli Avenue and in Mtatsminda district.

4. KAZTRANSGAZ-TBILISI HOLDS A COMPETITION ON REHABILITATION OF GAS NETWORK SECTIONS
   (Daily News: December 8, 2006)

   According to the LLC KazTransGaz-Tbilisi, the competition is announced on rehabilitation works on medium- and low-pressure pipes. Applications should be submitted until December 21 of the current year.

5. GAS PRICE TO RISE FOR TBILISI CONSUMERS
   (Daily News: November 16, 2006)

   Gigi Koiava, the director general of KazTransGaz, Tbilisi gas distributor, has said a gas price increase from next year is “inevitable”. However, no further comments regarding the size of tariff is available.

6. 24 Saati: “RUSSIA PLANS TO DOUBLE GAS TARIFF FOR GEORGIA”
   (Economic Press Monitor: October 6, 2006)

   According to the Russian media reports, Gazprom will raise gas prices for Georgia to $170-250 per 1,000 cubic meters. By the end of December 2006, 1,000 cubic meters of gas will be supplied to Georgia for $110.

7. GAS TARIFF FOR CONSUMERS MAY RISE NEXT YEAR, SAYS JSC KAZTRANSGAZ-TBILISI
   (Daily News: September 7, 2006)

   Giorgi Koiava, the director general of JSC KazTransGaz-Tbilisi, Tbilisi gas distributor, this year the consumer tariff will not go up, but its rise next year is not ruled out.

   Koiava told a news conference today, increasing gas prices by Turkmenistan for Gazprom from $65 to $100 per 1,000 cubic m would probably affect prices at which the company delivers gas to various countries, including Georgia.

8. INVESTORS OF TBILISI GAS DISTRIBUTOR PLAN TO RETURN INVESTMENT IN 15 YEARS
   (Daily News: July 28, 2006)

   The Kazakh investor plans to invest by 2011 $80 million and return investment in 15 years, says Giorgi Koiava, the director general of JSC KazTransGaz-Tbilisi, Tbilisi gas distributor.

   The size of investment has prompted the KazTransGaz-Tbilisi to apply for a tariff increase to the National Communications on Energy Regulation, Koiava told journalists today.

9. Rezonansi: “NOBODY WANTS TO FUND GAS CONCESSIONS”
   (Economic Press Monitor: July 21, 2006)

   It will be decided whether concessions provided for the socially vulnerable groups of the Tbilisi population in paying gas bills will be restored following the government’s decision on funding. The funds will be disbursed by the Energy Ministry.

10. SUBSCRIBERS OWE KAZTRANSGAZ-TBILISI 7M LARI
    (Daily News: July 19, 2006)

    Subscribers owe KazTransGaz-Tbilisi, the capital’s gas distributor, over 7 million lari, which has prompted the company to apply tough measures against dishonest payers, reports the company press service.

    In particular, KazTransGaz-Tbilisi proposed that companies signed with it agreements under which a certain amount of funds will be deposited, while calculations will be made at the end of the month.

11. JSC TBILGAZ SEES GAS LOSS OF 44.6% IN 2005
    (Daily News: July 4, 2006)

    According to the National Commission on Energy Regulation, JSC Tbilgaz, capital’s gas distributor, which was in the municipal ownership in 2005, purchased last year 489.6 million cubic m of gas.

    A gas loss in 2005 made up 218.3 million cubic meters, or 44.6, including technical losses – 45.6 million cubic meters.

12. FORMER TBILGAZ DIRECTOR GENERAL HEADS WHOLESALE MARKET
    (Daily News: June 19, 2006)

    Bidzina Chkonia, the director general of JSC Tbilgaz since February 2006, has headed the wholesale market of electricity, reports the press service of the energy market.

    Chkonia’s duties will involve setting up a scheme of the development of a new model of the energy market – the financial operator of the electrosystem, according to recently made amendments to law.

13. Khvalindeli Dge: “HOW KAZAKH INVESTMENT WILL BE SPENT IN TBILGAZ”
    (Economic Press Monitor: June 6, 2006)

    Giorgi Koiava, the director general of KazTransGaz-Tbilisi, says $4.5 million will be invested into the restoration of the gas distribution network, $6.5 million into the acquisition of gas meters and laboratories, $1.3 million into the overhaul and construction, while $2.3 million into company infrastructure.

    Moreover, Koiava says in order to localize losses old gas miters will be replaced by new communal meters.

14. LLC KAZTRANSGAZ-TBILISI ISSUED GAS DISTRIBUTION LICENSE
    (Daily News: June 1, 2006)

    LLC KazTransGaz-Tbilisi has been issued a gas distribution license, the National Energy Regulation Commission has decided at a meeting today.

    The LLC was founded by Kazakh state company, KazTransGaz and JSC Tbilgaz, Tbilisi gas distributor.

15. KAZTRANSGAZ TO INVEST $6.5M LARI IN GAS DISTRIBUTION NET AT THE FIRST STAGE
    (Daily News: May 18, 2006)

    Six and a half million dollars will be invested in the rehabilitation of the capital’s gas distribution network by the end of the year, Sarik Sultangaliev, the director general of KazTransGaz, has told journalists in Tbilisi today. The Kazakh company acquired JSC Tbilgaz, Tbilisi gas distributor, for $12.5 million several days ago.

16. THE ART OF IMPOSSIBLE COMPROMISE
    (Weekly Press Digest: May 14, 2006)

    May 12 proved to be a rather tense day both economically and politically, even though officially it was a day-off in Georgia.

    The day decided the fate of three major companies – the Batumi port, United Telecom of Georgia and Tbilgaz, municipal gas distribution company, while the mixed control commission on Georgian-Ossetian conflict settlement (MCC) ended its meeting in Tskhinvali.

17. JSC TBILGAZ ASSETS TO BE SOLD VIA TENDER
    (Daily News: April 13, 2006)

    Privatization bids for the assets of JSC Tbilgaz, Tbilisi gas distributor, will be accepted from today to May 12, reports the JSC bankruptcy manager. The tender is due on May 12 and will be held in the administrative building of the JSC, Tbilisi.

18. NEW BANKRUPTCY MANAGER OF JSC TBILGAZ APPOINTED
    (Daily News: March 15, 2006)

    According to the March 13 ruling of the Tbilisi city court, Ilia Basishvili has been appointed as the bankruptcy manager of JSC Tbilgaz, Tbilisi gas distribution company. Basishvili, 38, is a power engineer.

19. ITECA KAVKASIA TO HOLD 5^TH GEORGIAN INTERNATIONAL OIL, GAS AND ENERGY CONFERENCE IN TBILISI GIOGIE 2006
    (Daily News: March 13, 2006)

    The 5^th Georgian International Oil, Gas and Energy Conference GIOGIE 2006 will take place in Tbilisi on March 16-17^th. The organizer of the exhibition is Iteca Kavkasia, the official partner of the international exhibition company, ITE Group PLC.

20. JSC TBILGAZ BANKRUPTCY PROCESS TO END IN FEBRUARY
    (Daily News: February 17, 2006)

    The process of bankruptcy of JSC Tbilgaz, Tbilisi gas distributor, is to be completed by February 25, Giorgi Gvichiani, the bankruptcy manager, has told Sarke. This is quite a tough process and we are trying to complete it in the shortest time possible.