From January, Azerbaijan to export 1.5mln cu.m of gas to Russia per year

Photo: From January, Azerbaijan to export 1.5mln cu.m of gas to Russia per year / Oil&Gas

Azerbaijan, Baku, Oct. 2 / Trend , U.Ismayilov, E.Ismayilov/

From Jan. 1, 2010 the State Oil Company of Azerbaijan Republic (SOCAR) will export the Azerbaijani gas to Russia in the volume of 1.5 million cubic meters per day, said Nazim Samadzade, First Deputy Head of Azerigas Production Unity (PU) of SOCAR.

"From Jan. 1, we will transport 1.5 million cubic meters of the Azerbaijani gas to Russia per day. At present preparatory work is underway," said Samadzade.

The agreement, signed in June in Baku between SOCAR and Gazprom, covers 5 years with the possibility of exporting at least 500 million cubic meters of gas per year.

"This contract is profitable for us. By signing it, we can export our existing surplus of gas," said Rovnag Abdullayev, the head of SOCAR, earlier. Export volumes will be agreed at six months ahead.

By late 2009, the Kazimagomed-Mozdok pipeline connecting Azerbaijan and Russia will undergo technical work for its operation in reverse mode. Its capacity is 5 billion cubic meters of gas per year.

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Tags: SOCAR, socar