Heads of Gazprom and SOCAR meet in Moscow

On Monday, the central office of the Russian Gazprom hosted a working meeting of company's Chairman Alexey Miller and the President of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev, Gazprom said in a statement.

"The sides discussed bilateral cooperation in energy sphere. The activities of Gazprom and SOCAR on gas supplies from Azerbaijan to Russia were appreciated," said the statement.

It was noted that the development of partnership of companies is one of the strategically important areas of cooperation between the two countries in the long-term period.

Medium-term contract (with possibility of extension) for the sale of Azerbaijani gas to Russia was signed between SOCAR and Gazprom in Baku on Oct. 14, 2009. According to the supplement to the contract signed in early September 2010 in Baku, in 2011 Gazprom will receive two billion cubic meters gas, in 2012 - over two billion cubic meters.

Supplies of Azerbaijani gas to Russia began from Jan. 1, 2010.

Under the contract, SOCAR exported about 800 million cubic meters of gas to Russia in 2010.


/Trend/