Bank Of Baku

Azerbaijan increases gas export to Russia

Azerbaijan increases gas export to Russia
# 16 December 2011 07:08 (UTC +04:00)
Company says the relevant agreement was reached on December 15 during the working meeting between the chairman of “Gazprom” Alexey Miller and President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev: “According to preliminary data, in November, the volume of Azerbaijani gas purchased by Gazprom increased by 70% compared to last year and amounted to 1.36 billion cubic meters”.

Following the meeting, Miller and Abdullayev concurred that a mutually beneficial partnership of companies was a significant contribution to strengthening the strategic cooperation between the two countries.

Remind that, on October 14, 2009, "Gazprom" and SOCAR signed a contract on sale of Azerbaijani gas. By possible extension, the agreement covers 2010-2015. On January 1, 2010, for the first time, Azerbaijan started to trasport gas to Russia and the export made 799.75 million cubic meters. This figure is expected to reach 2 billion cubic meters this year.
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THE OPERATION IS BEING PERFORMED