Georgia plays an important role as a strategic crossroad for hydrocarbon transit in the Caspian region. During the last ten years, $5 billion was invested by British Petroleum (BP) and its partners to develop the three major oil and gas pipelines that cross Georgia:
- The Baku-Tbilisi- Ceyhan (BTC) pipeline-oil transport
- The South Caucasus gas Pipeline (SCP), completed in 2006-gas transport
- The Western Route Export Pipeline.
Government Policy: The energy sector is liberally regulated. The Government deregulated the electricity market in order to facilitate the inflow of foreign investments. Hydro-power stations and the United Energy Distribution System were privatized.
As a result of private and public investments and deregulation measures, energy has become one of the most dynamically developing sectors of Georgian economy.
Open opportunities: