TODAY.AZ / Business

Reuters writes about Azerbaijan

20 May 2014 [14:45] - TODAY.AZ
Reuters has published an article on Azerbaijan's gas exports in 2014.

The article quotes Kamal Abbasov, SOCAR's gas export department's deputy head, as saying that: “There will be lower exports from gas fields where SOCAR operates alone, but not from Shah Deniz, where it works with foreign companies including BP and Statoil.”

"The decline in gas exports this year is linked to the fact that we will reduce gas exports to Russia to 1 bcm from 1.4 bcm last year," Abbasov said.

The article said: “Azerbaijan suspended gas shipments to Russia on Jan. 13 citing maintenance work on a motorway between the Azeri capital Baku and the Russian border adjacent to the pipeline.

It has not yet resumed Russian shipments but it is ready to fulfil its obligations, SOCAR's president said last week.”

“Azeri gas supplies to Russia amounted to 3 million cubic metres a day, a small fraction of Russia's total gas consumption.”

“Abbasov said SOCAR would export 0.4 bcm of gas to Iran, the same as last year, while exports to neighbouring Georgia would rise to 1.2 bcm this year from 1.04 bcm.”

“SOCAR exported 36 million cubic metres of gas to Russia in the first four months of 2014, down from 684 bcm in the same period last year.

It exported 575 bcm to Georgia, up from 419 bcm, and sent 151 bcm to Iran versus 149 bcm in the same period a year earlier.

SOCAR produced 7.309 bcm of gas in 2013 while Azerbaijan's total gas production was 29.2 bcm. It plans to produce 27-28 bcm of gas this year.”


/AzerTAc/

URL: http://www.today.az/news/business/133781.html

Print version

Views: 432

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: