SOCAR's daily gas exports to Russia reaches 1.5 million cubic meters

Oil&Gas Materials 29 January 2010 18:37 (UTC +04:00)

Azerbaijan, Baku, Jan. 29 / Trend E.Ismayilov /

Under the mid-term contract on sale of the Azerbaijani gas signed between the State Oil Company of Azerbaijan Republic (SOCAR) and Russia's gas monopoly Gazprom, Azerbaijan exports 1.5 million cubic meters of gas per day to Russia, a source in the oil and gas market said today.

"Now, Azerbaijan's daily gas exports to Russia, is 1.5 million cubic meters," the said source.

According to the source, presently, gas supply in the northern direction is carried out at the account of 500 million cubic meters per year.

Azerbaijan launched gas supplies to Russia Jan.1, 2010.

It was initially planned that SOCAR will supply Russia with 500 million cubic meters of gas. But a decision was made to increase supplies twice, SOCAR president Rovnag Abdullayev said earlier.

Previously, a source in the government said, according to the forecasts for 2010, Russia will deliver approximately 1.1 billion cubic meters of Azerbaijani gas.
Also, Gazprom and SOCAR have agreed upon volumes of Azerbaijani gas to be exported to Russia in 2011. In 2010, this figure would be about two billion cubic meters.

At present, Azerbaijan and Russia are linked by the Mozdok-Kazi-Magomed Pipeline, whose capacity is 5 million cu m of gas per year. Until 2007, Azerbaijan imported 4.5 billion cubic meters of gas. In 2008, Azerbaijan refused to import gas.  

The medium-term contract on purchase-sale of Azerbaijani gas to Russia (with the possibility of extension) was signed between SOCAR and Gazprom in Baku Oct. 14. It covers 2010-2014. Under the contract, the Azerbaijani side will annually supply gas amounting to no less than 500 million cubic meters to Russia. The contract did not specify a limit to the gas supply volume. SOCAR will notify the opposite side of the amount which the company can deliver for the next six months.

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