SOCAR exports about 700 m. cu. of gas to Russia
Azerbaijan, Baku, Nov.3 / Trend /
The Sate Oil Company of the Azerbaijan Republic (SOCAR) exported 698.64 million cubic meters of gas to Russia in January-October under the mid-term contract, compared to about 618 million cubic meters in January-September, SOCAR said.
The company exported over 80.6 million cubic meters of gas to Russia in October compared to 60.6 million cubic meters in September.
The medium-term contract on the purchase and sale of Azerbaijani gas to Russia was signed between SOCAR and Gazprom in Baku on Oct. 14. The contract covers 2010-2014.
Under the agreement, Azerbaijan will supply gas no less than 500 million cubic meters to Russia annually. The contract does not specify a limit to the volume of gas supplies.
Azerbaijan began gas supplies to Russia on Jan. 1. Gazprom and SOCAR have also agreed upon the volumes of Azerbaijani gas to be exported to Russia in 2011. The figure will reach about 2 billion cubic meters next year.