Heads of Russia and Azerbaijan to discuss projects of two countries in gas sphere
During his visit to Baku, which will take place on Monday, Russian President Dmitry Medvedev will discuss with his Azerbaijani counterpart Ilham Aliyev trade and economic cooperation between the two countries, including cooperation in energy sphere, a source in the Kremlin told to RIA Novosti.
"The focus of current negotiations between the leaders of the two countries will be further strengthening trade and economic cooperation, including in terms of effective interaction in the context of global financial and economic crisis," the same source said.
The Chairman of the Board of Directors of Gazprom, Alexey Miller, said last Friday that Gazprom plans to conclude an agreement with the State Oil Company of Azerbaijan (SOCAR) on gas supplies from Shah Deniz. "Gazprom could buy Azerbaijani gas since 2010. Initially it will be small volumes, but further purchases can increase," he said.
Amongst the key areas of interaction between the two countries, the Kremlin representative described fuel and energy complex. During his visit, Medvedev is supposed to specifically discuss the prospects and concrete projects in the gas sphere.
Formerly, on March 27, Gazprom and State Oil Company of Azerbaijan (SOCAR) signed a memorandum on the supply of Azerbaijani gas through the Novo Filya pipeline starting from 1 January 2010, with European price for the supply of the republics of the North Caucasus.