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Azeri gas supplies to Russia rise

19 October 2012 15:59 (UTC+04:00)
Azeri gas supplies to Russia rise

Azerbaijani state energy company SOCAR's daily gas exports to Russia rose to 5.2 million cubic meters as of October 19 compared to 4.6 million cubic meters as of September 25, a source in SOCAR told Trend news agency on Friday.

"Azerbaijani gas is supplied to Russia in the normal way," the source said. "At present, the daily figures reach 5.2 million cubic meters."

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

Azerbaijani gas is supplied to Russia upon a contract signed by SOCAR and Gazprom on Oct. 14, 2009. According to an addendum to the contract signed in Baku in early September 2010, Gazprom was to get two billion cubic meters in 2011 and over two billion in 2012. However, the Russian side did not get the full amount of planned volumes last year.

The additional agreement to increase the volume of Azerbaijani gas purchased by Russia from 1.5 to 3 billion cubic meters, was signed by the parties in Sochi on January 24 this year.

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