Azerbaijan, Baku, April 2 / Trend /
At present, SOCAR exports about 0,8 million cubic meters of gas per day to Georgia compared to 1.5 million before, a source in the oil and gas industry said. About 2.5 million cubic meters of gas was exported to Russia compared to 3 million before. Reduction is explained due to seasonal reasons (gas consumption reduces due to warming).
SOCAR supplies own gas to Georgia within the activity on the Georgian market through a pipeline linking the two countries in the Gazakh region of Azerbaijan. Power flow of gas through this pipeline is about 3 billion cubic meters of gas per year.
The medium-term contract on purchase-sale of Azerbaijani gas to Russia (with the possibility of extension) was signed between SOCAR and Gazprom in Baku Oct. 14. It covers 2010-2014. Under the contract, the Azerbaijani side will annually supply gas amounting to no less than 500 million cubic meters to Russia. The contract did not specify a limit to the gas supply volume. SOCAR will notify the opposite side of the amount which the company can deliver for the next six months.
Azerbaijan launched gas supplies to Russia Jan.1, 2010.
Gazprom and SOCAR have agreed upon volumes of Azerbaijani gas to be exported to Russia in 2011. In 2011, this figure would be about two billion cubic meters compared to one billion this year.