Baku, Azerbaijan, Nov.5
By Maksim Tsurkov - Trend:
Russian gas supply to Azerbaijan depends on its price, a source in the State Oil Company of Azerbaijan told Trend Nov.5.
Earlier, Azerbaijan Methanol Company (AzMeCo) signed a contract with Russian Gazprom for gas supply to the methanol plant, but had to suspend it, since it was unprofitable, according to the source.
"For this reason and taking into account the ongoing processes on world markets, we are considering how will the Russian gas supply be beneficial for us," said the source.
"If it is not beneficial, we won't buy gas," said the company's representative. "Azerbaijan has sufficient gas reserve and we are ready to buy additional volumes of gas only at reasonable prices."
The source said it is not about refusing from Russian gas, adding that the negotiations on this issue are underway.
AzMeCo was planning to purchase up to 2 billion cubic meters of gas per year from Russia's Gazprom Export LLC, according to the earlier signed contract. The natural gas supply was supposed to ensure the guaranteed loading of 100 percent of facilities in Garadagh methanol plant.
Earlier, SOCAR's president Rovnag Abdullayev said that the company and Gazprom will start implementing swap transactions on Russian gas supply to Azerbaijan soon.
"In total, we are talking about supplying around 2 billion cubic meters of gas per year," he said.
Rovnag Abdullayev noted that in the future, this gas will be used for supplying Russia's southern regions.
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