Azerbaijan launches gas export to Russia on January 1, 2010
Azerbaijan has launched natural gas export to Russia from 11.00am on January 1, 2010.Head of Gas Export Department of the State Oil Company of Azerbaijan Republic (SOCAR), and Qasan Abdurrakhmanov , Deputy Director of Dagestan Regional Office of Russia’s Gazprom attended the ceremony to launch export in bordering Shirvanovka village in Gusar region of Azerbaijan. Gas will be exported via the Mozdok-Gazmammad pipeline.
Kamal Abbasov told that under the agreement, Azerbaijan will pump at least 500 million cubic meters of gas a year at the initial phase, with supplies expected to increase to 1 billion cubic meters a year soon in the future. The probability of further increase is not ruled out either.
On October 14, Rovnag Abdullayev, President of the State Oil Company of Azerbaijan (SOCAR), and Alexei Miller, chief executive of Gazprom of Russia, have today signed an agreement on the export of Azeri gas to Russia.
According to the agreement, the price will be based on a special formula which Azerbaijan said “is normal and suits us”.
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