Fears over plan to sell strategic Georgian pipeline

Source: Yahoo news

Plans by Georgia to sell off at least part of a major gas pipeline from Russia are raising fears among both Georgians and Armenians that the strategically vital asset will fall into the hands of political foes.

Georgia's parliament last month approved the lifting of a legal ban on the privatisation of the North-South pipeline which runs from Russia to Armenia and was previously listed as a "strategic asset" that could not be sold.

Georgian officials insist that only a minority stake could be sold.

But the potential sale has nonetheless sparked concern among some in Georgia, who fear Russia could be a likely buyer, and in Armenia, who worry that arch-rival Azerbaijan could purchase a stake in the key supply route.

Read more: http://uk.finance.yahoo.com/news/fears-over-plan-to-sell-strategic-georgian-pipeline-afp-f466d959161e.html;_ylt=AtyAbh5o592Hw61_CwNH7F8clLJ_;_ylu=X3oDMTE2bWl0cDBxBHBvcwMzBHNlYwN0b3Atc3RvcmllcwRzbGsDZmVhcnNvdmVycGxh?x=0

since crashcart is out of the picture due to his hospital stay.

This gas pipeline has been a pet project of his for years.

Interesting.