SOCAR operates to increase export of gas to Russia

Oil&Gas Materials 29 March 2010 16:06 (UTC +04:00)

Azerbaijan, Baku, March 29 / Trend /

By late 2010 SOCAR plans to complete restoration work at a gas compressor station Shirvanovka located in Gusar region of Azerbaijan (northern region), SOCAR said. The station has importance in ensuring the export of Azerbaijani gas to Russia.

The message said that at present, operations on repair, reconstruction and modernization are conducted at the station. A two-step mode of gas supplying units will create the conditions for gas export to Russia to the amount of 10 million cubic meters per day.

Compressor station "Shirvanovka" has not been operated since 1994.

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.

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

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.