Georgia Underground Gas Storage project - Financial assessment of Georgian Oil and Gas Company and Georgia’s gas demand projections.

Customer: Georgian Oil and Gas Corporation (GOGC)
Industries: Energy / Oil & Gas
Countries: Georgia
Services: Research, Feasibility Studies
Objective of the Project:  carry out a financial assessment of JSC Georgian Oil and Gas Corporation (GOGC) and provide Georgia’s gas demand projections within the framework of the ongoing Underground Gas Storage development project. The main purpose was to analyze GOGC’s creditworthiness, determine whether it can be regarded as a financially stable and commercially managed corporation, and propose development measures. The assessment covered both the financial management of GOGC as a corporation and financial management of its investment projects. Gas demand was forecasted for 10 years based on available statistical data and projections of future electricity and gas demand in Georgia.

Through the consultancy we:

• Conducted a detailed financial assessment of GOGC, including corporate-level and investment project-level analysis.
• Evaluated the company’s creditworthiness and financial stability.
• Forecasted gas demand for 10 years based on statistical data and electricity/gas supply projections.
• Provided actionable recommendations for the development of the Underground Gas Storage project.

Solution: The project delivered a comprehensive financial assessment and gas demand forecast to support investment decision-making and ensure the financial viability of GOGC within the context of the Underground Gas Storage project.

Result: The project provided critical insights into GOGC’s financial health and long-term gas demand in Georgia, enabling strategic planning and informed decision-making for gas storage development.
 

Project Timeline: December 2014 – February 2015