Oil major BP is expected to sign a deal with the Trans-Anatolian Natural Gas Pipeline (TANAP) project within the next few months.
According to reports the move is in a bid to lessen its reliance on Russian gas.
BP country manager in Georgia, Chris Schlueter, said the deal was “very, very close” with good progress over the past week.
The company said in 2013 that it wanted a 12% stake in the TANAP project which envisages 16 billion cubic metres of gas a year being carried from the Shah Deniz II field in the Caspian Sea.
The project was inaugurated earlier this month and its construction is expected to be completed by the end of 2018 and start deliveries of gas in 2019.