Azerbaijan launches gas export to Russia

Kamal Abbasov, Head of Gas Export Department of the State Oil Company of Azerbaijan Republic (SOCAR), and Hasan Abdurrahmanov, Deputy Director of Dagestan Regional Office of Russia’s Gazprom attended the ceremony to launch export in bordering Shirvanovka village in Gusar region of Azerbaijan.

Gas will be exported via the Mozdok-Gazmammad pipeline.

Abbasov said under the agreement, Azerbaijan will pump at least 500 million cubic meters of gas a year at the initial phase, with supplies expected to increase to 1 billion cubic meters a year in near future. The probability of further increase is not ruled out either.

On Oct. 14, Rovnag Abdullayev, President of the State Oil Company of Azerbaijan (SOCAR), and Alexei Miller, chief executive of Gazprom of Russia, signed an agreement on the export of Azerbaijani gas to Russia.

According to the agreement, the price will be based on a special formula which Azerbaijan said “is normal and suits us”.

/APA/