The chairman of the Gazprom board, Aleksey Miller, and SOCAR President Rovnag Abdullyaev signed the addendum to the current purchase and sale agreement for Azerbaijani gas at Krasnaya Polyana today. The ceremony was attended by Russian President Dmitriy Medvedev and his Azerbaijani counterpart, Ilham Aliyev.
Under the addendum, Gazprom will increase its purchase of Azerbaijani
gas from 1.5bn cubic metres in 2011 to 3bn in 2012 and more again in
2013.
Miller and Abdullayev both praised the dynamically developing
cooperation between their companies and said that strengthened
cooperation between Gazprom and SOCAR met the strategic interests of
both countries.
"This is the second successive year that we have doubled the purchase of Azerbaijani gas," Aleksey Miller said.
"The Russian-Azerbaijani energy partnership is developing at a good
rate which is evidence of a mutual desire to increase the volume of
hydrocarbon supplies in future too. The lack of an upper limit on the
purchase of gas, geographical proximity, the presence of a
well-functioning gas transport infrastructure and the lack of transit
zones allow Azerbaijan to make very profitable exports of natural gas to
Europe," the Gazprom chief said.
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