Azerbaijan, Russia sign document on double increase in gas supplies (UPDATE)
Azerbaijan, Baku, Jan. 23 / Trend /
Gazprom and SOCAR have signed an additional agreement to double Azerbaijani gas purchases to 3 billion cubic meters in 2012, Gazprom told Trend today.
The document was signed in the presence of Azerbaijani and Russian presidents Ilham Aliyev and Dmitry Medvedev after talks in Sochi.
According to the information, the document was signed by the heads of the companies Rovnag Abdullaev and Alexey Miller.
"We are doubling the purchase of Azerbaijani gas for the second year running," Miller said. "The Azerbaijani-Russian energy partnership is developing at a good pace. This reflects the mutual desire to further increase the volumes of hydrocarbon supplies. The lack of the 'ceiling' of the volume of gas purchases, geographical proximity, the presence of well-established gas pipeline infrastructure, excluding transit zones allow Azerbaijan to export natural gas to Russia more economically."
SOCAR and Gazprom signed a contract on Azerbaijani gas sales on Oct. 14, 2009. According to an addendum to the contract signed in early September 2010, Gazprom will get 2 billion cubic meters in 2011 and over 1 billion in 2012.
Supplies to Russia started from Jan.1, 2010.