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Russian President Dmitry Medvedev (L) and Azeri President Ilham Aliyev (R) exchange documents during a signing ceremony following Russian-Azeri talks in Baku, Azerbaijan, 29 June 2009.
The Russian energy giant Gazprom has signed an agreement with Azerbaijan for buying natural gas.
The deal was sealed Monday by the Gazprom CEO, Alexei Miller, and the CEO of SOCAR (State Oil Company of Azerbaijan Republic), Rovnag Abdulaev, in the presence of Russian President, Dmitry Medvedev, and Azerbaijan President, Ilham Aliyev.
Thus, Gazprom will import 500 million cubic metres of Azeri gas from 2010, and it expects import levels to rise. Miller said that his firm had also been promised priority in buying gas from the second phase of the Shakh Deniz Caspian Sea field, BGNES reported.
Azerbaijan is supposed to be both a key transit country and a key natural gas supplier for the EU-sponsored Nabucco gas transit pipeline project that circumvents Russia.
In 2009, Azerbaijan is planning to export 27 billion cubic meters of gas, and about 30 billion cubic meters in 2010, according to President Aliyev.
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