Middle East Economic Survey

VOL. L

No 28

9-July-2007

CASPIAN

Socar Offers Gas To Gazprom At $230 Per 1,000 Cu Ms

Azerbaijans state-owned oil and gas company Socar has offered to sell 1-1.5mn cmd of natural gas to Russias Gazprom at a price of $230 per 1,000 cu ms, according to reports in the Russian media. The price is roughly what Russia earns from its gas sales to Europe. Russia is purchasing natural gas from Turkmenistan at a rate of $100 per 1,000 cu ms and has agreed to pay Kazakhstan $160 per...