Middle East Economic Survey


No 26



Gazprom Agrees Top Prices To Import Azeri Gas

Russias Gazprom and Azeri state firm Socar signed a gas supply agreement in Baku on 29 June that holds the potential to shift the direction of Azerbaijans gas export policy. Following a preliminary agreement signed in March, Gazprom has agreed to import an initial volume of 0.5 bcm/year beginning on 1 January 2010, with volumes increasing with the availability of Azeri productions. Russias ...