|
Wednesday,
August 15,
2007, #155 (1422)
Canadian company Transeuro Energy will start exploring a natural gas field in the Armavir region of Armenia from August 22, reports the news agency Regnum. The preliminary project will last three to four months at a cost of around USD 10 million. If initial test drills are encouraging the company will increase its investment. Current geological data suggests significant natural gas reserves in the field, but technical feasibility studies are needed before a major extraction operation is commissioned. A discovery of
large reserves could change the geopolitical map of the South Caucasus,
experts predict. |
Canadian
company looking for natural gas in Armenia