Bloomberg News

Gazprom Signs Agreement Doubling Azeri Gas Purchases This Year

January 23, 2012

Jan. 23 (Bloomberg) -- OAO Gazprom, Russia’s natural-gas export monopoly, signed an agreement to double purchases of the fuel from Azerbaijan this year to 3 billion cubic meters.

Purchases will exceed 3 billion cubic meters next year under the addendum to a 2009 contact, the Moscow-based gas producer said today in an e-mailed statement.

Gazprom Chief Executive Officer Alexey Miller and Rovnaq Abdullayev, his counterpart at the State Oil Co. of Azerbaijan, also know as Socar, reached the agreement in December.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net


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