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SOCAR exports 1.4mln. cu. m. of gas per day to Russia

Oil&Gas Materials 23 December 2010 18:29 (UTC +04:00)

Azerbaijan, Baku, Dec. 23 / Trend E.Ismayilov /

As of Dec.23, the Sate Oil Company of the Azerbaijan Republic (SOCAR) exported 800 million cubic meters of gas to Russia under the mid-term contract, a source in the oil and gas market said on Thursday.

According to him, now, daily volume of SOCAR's gas export to Russia amounts to 1.3-1.4 million cubic meters of gas.

SOCAR exported over 759.4 million cubic meters of gas to Russia in January-November under the mid-term contract, compared to 698.64 million cubic meters in January-October, SOCAR said. The company exported about 60.8 million cubic meters of gas to Russia in November compared to over 80.6 million cubic meters in October.

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.

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