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SOCAR fulfills gas export obligations

Oil&Gas Materials 10 May 2011 15:59
Azerbaijan supplies 1-1.2 million cubic meters of gas daily to Iran within swap operations to meet the Nakhchivan Autonomous Republic's gas needs.

Azerbaijan, Baku, May 10 / Trend, E. Ismayilov /
Azerbaijan supplies 1-1.2 million cubic meters of gas daily to Iran within swap operations to meet the Nakhchivan Autonomous Republic's gas needs.
"Commercial gas supplies to Iran have not yet started, but 1-1.2 million cubic meters of gas are supplied to Iran within swap operations," the source said.
SOCAR exports 6-7 million cubic meters of gas to Russia per day to fulfill its contract obligations, which is twice more than the figure for 2010, the source said.
SOCAR exported about 800 million cubic meters to Russia within the contract in 2010.
The medium-term contract (with a possibility of extension) was signed between SOCAR and Gazprom in Baku on Oct. 14, 2009.
According to the addendum to the contract signed in early September 2010 in Baku, Gazprom will receive 2 billion cubic meters in 2011, and over 2 billion cubic meters in 2012.
Supplies began Jan. 1 last year.
Within SOCAR's activity on the Georgian gas market at present SOCAR exports 600,000-700,000 cubic meters of gas to this country per day, the source said.
SOCAR exported 339.16 million cubic meters to Georgia last year.
SOCAR supplies its own gas to Georgia via a pipeline linking the two countries in the Gazakh district of Azerbaijan as part of its activity on the Georgian market. Power flow of gas through this pipeline is 3 billion cubic meters of gas a year.
Azerbaijan and Georgia signed an agreement in November 2008 to create the possibility of intensifying SOCAR's activity on the Georgian gas market over the five years after 2009. According to the memorandum, SOCAR created the subsidiary SOCAR Georgia Gas to realize the project. It provides some groups consumer gas (social groups) determined by the Georgian government.
SOCAR and the Georgian government signed an agreement to transfer 30 gas distribution networks covering different regions in Georgia in December 2008.

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