SOCAR to supply contracted gas volumes to Russia
Azerbaijan, Baku, Aug 28 /Trend E.Ismayilov/
It is not planned to increase the volumes of gas supplied to Russia from Azerbaijan, the source at State Oil Company of Azerbaijan (SOCAR) told Trend.
The source noted that 3 billion cubic meters of gas provided by the contract between SOCAR and Russia's gas monopoly company Gazprom will be supplied to Russia by the end of the year in the frame of exports from Azerbaijan to Russia.
"The volumes of gas, provided by the contract will be delivered to Russia next year," the source said.
Azerbaijan started gas supplies to Russia Jan. 1, 2010.
The contract, with a possibility of extension for the sale of Azerbaijani gas to SOCAR and 'Gazprom' was signed in Baku on October 14, 2009. According to the supplement to the contract which was signed in early September 2010 in Baku, in 2011, 'Gazprom' was to receive two billion cubic meters and in 2012 over two billion cubic meters of gas.
SOCAR and Gazprom signed a contract on sale (with a possibility of extension) of Azerbaijani gas on October 14, 2009. According to the addendum of a contract signed in early September, 2010 in Baku, Gazprom will get two billion cubic metres in 2011 and over two billion in 2012. However, the Russians did not get the full amount of planned volume last year.
Under an additional agreement signed between SOCAR and Gazprom, the volume of Azerbaijani gas purchased by Russia will exceed three billion cubic meters in 2013. The additional agreement to double the volume of gas purchased by Russia, from 1.5 to 3 billion cubic meters was signed by the parties in Sochi on January 24, 2012. Azerbaijani gas supplies to Russia started from Jan. 1, 2010.