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Azerbaijan resumes gas supply to Russia

Oil&Gas Materials 4 June 2014 13:48 (UTC +04:00)
The State Oil Company of Azerbaijan (SOCAR) resumed gas supplies to Russia, SOCAR head Rovnag Abdullayev told the media on June 4.
Azerbaijan resumes gas supply to Russia

Baku, Azerbaijan, June 4
By Emil Ismayilov - Trend:

The State Oil Company of Azerbaijan (SOCAR) resumed gas supplies to Russia, SOCAR head Rovnag Abdullayev told the media on June 4.

"Gas supply to Russia has been resumed today," Abdullayev added. "It is being supplied now."

"The daily volume of gas supplies to Russia is 2million -2.5 million cubic meters," he said.

The repair work on the gas pipeline in the north direction was completed earlier.

Gas supply has been suspended since January 2014.

SOCAR exported 1.37 billion cubic meters of gas to Russia in 2013.

Azerbaijani gas is supplied to Russia on the basis of the contract on the purchase and sale of Azerbaijani gas with a possibility of extension. The deal was signed between SOCAR and Russia's Gazprom in Baku on October 14, 2009.

Gazprom was to receive two billion cubic meters of gas in 2011 and over two billion cubic meters in 2012, in accordance with a 2010 supplement to the contract. However, the Russian side did not get the full amount of the planned volume as of 2012.

The additional agreement to double the volume of Azerbaijani gas purchased by Russia, from 1.5 billion cubic meters to 3 billion cubic meters, was signed by both sides in Sochi on January 24, 2012.

edited by CN

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