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Archive for January 16th, 2010

Gazprom ready to buy all gas exports of Azerbaijan

Saturday, January 16th, 2010

PipelineGazprom ready to buy the entire volume of gas that Azerbaijan intends to sell abroad, said today the head of the Russian gas giant, Alexei Miller, quoted by Russian media. It is clear that the specifics of the contract with Gazprom in Azerbaijan that is not fixed a maximum annual volume of gas supplies. According to Miller, the trade agreement is the only company without such a clause. He pointed out that in this situation Gazprom can buy gas so as it has been proposed by Azerbaijan. Supplies of Azerbaijani gas to Russia under an agreement concluded last year started at the beginning of 2010 in European prices, according to official information. Azerbaijan is predicted to be one of the countries main suppliers of natural gas for the Nabucco pipeline. Its proven reserves of blue fuel amounted to about 1,5 trillion. cubic meters of gas, including the Shah-Deniz deposit in the Caspian Sea shelf in stocks than 1,3 trillion. cubic meters of gas.
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