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Gas supplies from Azerbaijan to Russian increase

Oil&Gas Materials 25 September 2012 16:55 (UTC +04:00)

Azerbaijan, Baku, Sept. 25 /Trend E.Ismayilov/

As of September 25, SOCAR exports 4.6 million cubic meters of gas daily compared to 4 million cubic meters to Russia as of July 17, a source in SOCAR told Trend on Tuesday.

"Gas is supplied to Russia in accordance with the contract," a source said today. "The daily indices hit 4.6 million cubic meters."

Azerbaijan has started gas supplies to Russia since 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.

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.

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