Russia seeks long term gas cooperation with Azerbaijan

Russia seeks long term gas cooperation with Azerbaijan
# 22 May 2009 14:06 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Russian gas giant OAO Gazprom offers to buy Azeri gas at the border for the European market prices, said Azerbaijan’s Minister of Industry and Energy Natig Aliyev.

According to him, negotiations between Russia and Azerbaijan are under way but no agreement has been reached yet.

Söhbət 1 milyard kubmetr qazdan və 2-3 ildən deyil, böyük həcmdən və uzun müddətdən gedir», - deyə nazir vurğulayıb.

“The negotiations are primarily focused on the quantity of gas and the term of gas sale contract. This is not about 1 billion cubic meters of gas and 2-3 years, but much larger volumes and more long-term period,” he added.

In his words, the parties are also negotiating on the point of gas sale – at border or at gas producing well.

Natig Aliyev also added that Gazprom offers to cooperate with a margin of 15% with other expenses deducted in case of gas purchase at the border.
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THE OPERATION IS BEING PERFORMED