Azerbaijan, Baku, Sept. 28 / Trend, E.Ismayilov /
Russia's Trade Representative in Azerbaijan Yuri Shedrin stated today that Russia is ready to accept any amount of gas that Azerbaijan is able to deliver.
Gas prices suit both parties, Shedrin said at a press conference today.
Azerbaijan will supply 2 billion cubic meters of gas to Russia in 2011.
Some 1.3 million tons of oil was supplied to Russia through the Baku-Novorossiysk pipeline during the eight months of 2011.
Azerbaijan records an increase in the gas production, particularly several gas condensate fields have been discovered in recent years, Shedrin said.
"The Azerbaijani market is not able to absorb the entire volume of gas and all expected gas supplies to Europe are focused on the period after 2016," he said. Until then, the appropriate volume of gas must be implemented and the Russian side is ready to accept this volume. Specifically, the gas pipeline linking Azerbaijan with Russia is possible to transport up to 5 billion cubic meters."