Azerbaijan to export 1.5mln cu.m of gas to Russia per day

"From Jan. 1, we will transport 1.5 million cubic meters of the Azerbaijani gas to Russia per day. At present preparatory work is underway," said Samadzade.

The agreement signed in June in Baku between SOCAR and Gazprom covers 5 years with the possibility of exporting at least 500 million cubic meters of gas per year.

"This contract is profitable for us. By signing it, we can export our existing surplus of gas,"  SOCAR President Rovnag Abdullayev said earlier.

Export volumes will be negotiated six months in advance.

By late 2009, the Kazimagomed-Mozdok pipeline connecting Azerbaijan and Russia will undergo technical work for its operation in reverse mode.

Its capacity is 5 billion cubic meters of gas per year.

/Trend Capital/