...

Deliveries of Azerbaijani gas to Russia increase

Oil&Gas Materials 3 October 2013 15:18 (UTC +04:00)
As of October 3, the State Oil Company of Azerbaijan (SOCAR) daily exports 3.8 million cubic meters of gas against 2.5 million cubic meters to Russia as of August 21.

Azerbaijan, Baku, Oct. 3 / Trend E. Ismayilov/

As of October 3, the State Oil Company of Azerbaijan (SOCAR) daily exports 3.8 million cubic meters of gas against 2.5 million cubic meters to Russia as of August 21, a source in SOCAR told Trend on Thursday.

Deliveries of Azerbaijani gas began on January 1, 2010.

"Deliveries of gas to Russia take place in accordance with the contractual terms and today the daily volume of gas delivered to a neighbouring country makes 3.8 million cubic meters", the source said.

Deliveries of Azerbaijani gas to Russia are realised on the basis of the contract, with a possibility of extension for the purchase and sale of Azerbaijani gas. The deal was signed between SOCAR and Gazprom in Baku on October 14, 2009, in Baku.

According to a 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. However, according to the results of last year, the Russians did not get the full amount of the planned volume.

The additional agreement to double the volume of Azerbaijani gas purchased by Russia was signed by both sides in Sochi on January 24, 2012.

Tags:
Latest

Latest