Russia’s Gazprom inks deal to double purchases of Azeri gas

06.09.2010 (16:47)

Russian natural gas giant Gazprom has signed a deal with the State Oil Company of Azerbaijan (SOCAR) to double purchases of Azeri gas to 2 billion cubic meters in 2011, the company said Friday.

Gazprom said its purchases were expected to exceed 2 billion cubic meters starting from 2012.

Previously Gazprom expected to buy up to 500 million cubic meters of Azeri gas in 2010 but subsequently the gas giant reached an agreement to buy 1 billion cubic meters.

The deal was signed during a visit by President Dmitry Medvedev to Azerbaijan.

Meanwhile, Gazprom CEO Alexei Miller called for expanding cooperation with Azerbaijan, as cited by Gazprom.

Azerbaijan has recently switched to exporting gas to Russia from importing Russian gas. Until 2007, Azerbaijan imported 4.5 billion cubic meters of gas per year.

www.prime-tass.com 

Print version

Publications on the theme

Azerbaijan hikes crude transportation tariffs

11.01.2012 (13:35)

The Tariff Council of Azerbaijan increased cost of crude oil transportation via oil pipelines up to 6 manat / ton, except export (versus earlier 2.6 manat) Trend.az reports quoting the TCA.

Gazprom to press on with South Stream regardless of Ukraine option

29.12.2011 (13:04)

Russia's gas export monopoly Gazprom will not abandon its plans to implement the South Stream gas pipeline project, even if it reaches agreement with Ukraine on operating its gas transportation system, Gazprom export head Alexander Medvedev said on Wednesday.

Trans Siberia Co acquired 88.64% of Chelyabinsk Aircraft Enterprise

26.12.2011 (16:51)

T.S. Trans Siberia Co Limited increased its share in OJSC Chelyabinskoye Aviapredpriyatiye / Airport Chelyabinsk to 88.64% from 68.38%, the aircraft enterprise informed.

Latest publications

Basel signs its "biggest tram order in 116 years"

07.02.2012 (16:28)

Preferred bidder Bombardier Transportation signed the contract to supply the city of Basel with 60 Flexity trams on January 31, in a deal described as Basel transport authority's biggest order in its 116-year history.

Sechin Privatizes Novorossiisk Port

07.02.2012 (16:08)

Deputy Prime Minister Igor Sechin asked the government to sell its stake in Novorossiisk Commercial Sea Port directly to state-owned oil firm Rosneft, bypassing the normal privatization service.

Sukhoi Superjet wins EASA certification

07.02.2012 (16:04)

The European Aviation Safety Agency (EASA) has issued type certification for the Sukhoi Superjet 100, the first ever Russian passenger jet to receive EASA CS-25 certification.