Tbilisi Energy Now Owns KaztransGas-Tbilisi

Tbilisi Energy bought KaztransGas-Tbilisi, purchasing 100% of its shares and changing the company’s name.

Since the abolishment of a special management regime on May 3, the Georgian business group has begun to take over management of the company.

“A special management regime in KazTransGas-Tbilisi was abolished on May 3, and the Georgian business group has begun to take over management of the company and has already purchased 100% of the shares of the Tbilisi gas distribution company. The company is starting the process of rebranding from today and it will be implemented stage by stage. The process involves the change of the company name, logo, color and other elements of identity,” reads the statement of Tbilisi Energy.

The new name of KaztransGas-Tbilisi will be Tbilisi Energy.
The re-specialization of the company’s staff and rehabilitation of the capital’s gas supply network, which has gone untouched for decades, are Tbilisi Energy's main priorities, they report.

Tbilisi Energy plans to start a large-scale campaign from September, aiming to make the consumption of gas safer for the producers and consumers.

The company plans an annual average investment of $30 million to transform said priorities into a reality.

By Nini Dakhundaridze