Bank Of Baku

Alexei Miller: “Russia’s Gazprom ready to buy all of Azerbaijan’s gas’

Alexei Miller: “Russia’s Gazprom ready to buy all of Azerbaijan’s gas’
# 19 June 2010 19:55 (UTC +04:00)
APA reports quoting RIA Novosti that Miller told: "We are ready to buy as much [gas] as Azerbaijan is ready to deliver. We are ready to buy all of Azerbaijan’s gas and buying gas from Azerbaijan was "beneficial".
Deliveries of Azerbaijani gas began on January 1 of this year after Azerbaijan’s GNKAR signed a contract with Russia’s Gazprom in October of 2009 to deliver 500 million cubic meters of gas annually up to 2015, with the option of renewing the contract in the future.
Later the companies agreed to double gas deliveries to Russia, bringing the total amount of gas delivery from Azerbaijan to 1 billion cubic meters. The companies will again double that amount to 2 million cubic meters in 2011.
Azerbaijan’s gas reaches Russia through its Baku-Novo-Filya gas pipeline along the Caspian Sea to the Russia’s North Caucasus republics.


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