Azerbaijan may double gas exports to Russia in 2010

Saturday 26th of December 2009 09:00:41 AM


Azerbaijan may double gas exports to Russia in 2010




Azerbaijan may double natural gas supplies to Russia from a previously planned 500 million cubic metres in 2010, the head of Azerbaijan state energy firm SOCAR said on Saturday.

"Talks were held.Azerbaijan has the possibility to increase gas supply, and in 2010 we will deliver 1.0 billion cubic metres of gas to Russia," SOCAR Chief Executive Rovnag Abdullayev told a state TV.

In October, Russian energy giant Gazprom secured a deal to import 500 million cubic metres a year of Azeri gas from next year.

Europe is also counting on Azerbaijan to fill its proposed Nabucco pipeline, a rival to the Moscow-backed South Stream link.

The initial supplies from Azerbaijan will be bought by state-run Gazprom from phase one of Shakh Deniz deposit, in which BP and StatoilHydro have heavily invested.

Gazprom also wants to buy gas from the second phase of the Shakh Deniz deposit, which is due to come on stream in 2016.

(Reporting by Lada Yevgrashina, writing by Vladimir Soldatkin; Editing by Sue Thomas)

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