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Azerbaijan ready to resume gas supply to Russia

Oil&Gas Materials 20 March 2012 16:18 (UTC +04:00)
SOCAR intends to restore gas supplies to Russia in the nearest future, an oil and gas sector source told Trend today.
Azerbaijan ready to resume gas supply to Russia

Azerbaijan, Baku, March 20 / Trend S. Aliyev /

SOCAR intends to restore gas supplies to Russia in the nearest future, an oil and gas sector source told Trend today.

Earlier, SOCAR reported that gas supplies to Russia were resumed for a short period. The delivery was suspended again due to repairs on the gas pipeline leading to Russia recently.

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 2 billion in 2012. However, the Russian side did not get the full planned volume last year.

An additional agreement to double the volume of gas purchased by Russia was signed by the parties in Sochi on Jan.24, 2012.

Azerbaijani gas supplies to Russia commenced on Jan. 1, 2010.

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