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Georgia, Gazprom Agree to New Transit Terms

Georgian government officials on Wednesday accepted new payment terms for transit of gas across the country by Russian-owned Gazprom. Under the new deal, Georgia, which currently receives 10 percent of all Russian gas that crosses the country en route to Armenia, has agreed to monetize the arrangement by 2018. At that time, the Russian government will begin issuing payments in cash. "The other option was to continue transit of gas illegally," Georgian Energy Minister Kakhi...

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