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SOCAR exports 800 mln cubic meters of gas to Russia in 2010

Oil&Gas Materials 6 January 2011 17:14 (UTC +04:00)

Azerbaijan, Baku, Jan. 6 / Trend /

The State Oil Company of the Azerbaijan Republic (SOCAR) exported 799,75  million cubic meters of gas to Russia under the mid-term contract in 2010, SOCAR said.

Roughly 40.32 million cubic meters of Azerbaijani gas were exported to Russia last December compared to 60.8 million cubic meters in November.

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.

According to the agreement, Gazprom will get 2 billion cubic meters in 2011 and more than 2 billion cubic meters in 2012.

Azerbaijan began gas supplies to Russia on Jan. 1, 2010.

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