Under a contract signed last Monday between Gazprom and SOCAR, Russia is to import twice as much Azerbaijani gas as in 2011 – 3 billion cubic metres.
On 23 January 2012, Rovnag Abdullayev, President of State Oil Company of Azerbaijan Republic SOCAR, and CEO of Gazprom Alexei Miller signed an agreement on doubling the amount of gas imported from Azerbaijan in 2012. According to AzerNews, next year the Russian company is also to gradually increase the transfer. The contract was signed in Krasnaya Polyana near Sochi, where a trilateral summit of Armenia, Azerbaijan and Russia was taking place at the same time.
After the signing, the Gazprom’s CEO said with conviction that for Azerbaijan geographical proximity, no limits on future gas transfer and developed infrastructure make the export of its gas to Russia more beneficial than to Europe. Azerbaijan is one of the main potential partners of the EU in relation to transport of energy resources to European market through the Southern Transport Corridor, bypassing the Russian territory and its own infrastructure system.
Translated by KD