Bloomberg News

Gazprom Will Agree on Azeri Gas Imports This Month, Trend Says

February 06, 2013

OAO Gazprom, Russia’s gas monopoly, will soon agree with Socar on Azeri gas deliveries for this year, privately owned Trend news service said, citing Vladimir Dorokhin, the Russian ambassador in Baku.

The agreement with State Oil Co. of Azerbaijan will be signed this month, Dorokhin said today in the Azeri capital, according to Trend. He didn’t say how much gas Gazprom is going to buy from Azerbaijan this year.

Last year Gazprom imported 1.55 billion cubic meters of Azeri gas, almost half of the volume it agreed to buy from Azerbaijan under a 2012 take-or-pay agreement, a Socar official said Jan. 31. He didn’t say whether the Russian company will be fined for buying less fuel than it had agreed.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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