Azerbaijan, Baku, July 6 / Trend E. Ismayilov /
SOCAR proposed to provide the Russian company "Gazprom" with two billion cubic meters of gas in 2011, SOCAR president Rovnag Abdullayev said.
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.
Supplies of Azerbaijani gas to Russia began January 1, 2010.
This year, one billion cubic meters of Azerbaijani gas will be exported to Russia.