Tuesday, 7 September 2010

Iran's purchase of Azerbaijan gas to rise to 10 bcm

Tehran's Ambassador to Baku Mohammad Baqer Bahrami has said that upon completion of a new gas pipeline between Azerbaijan and Iran, the volume of gas purchased from Azerbaijani will rise to 10 bcm per year.

The two countries are currently in the process of signing a “long-term gas contract," and work is underway to expand the gas compressor station in Astara. Commenting on bilateral ties, Bahrami said that the Iran-Azerbaijan relations have entered a new phase.

"We want to buy five billion cubic meters of gas. In this direction, SOCAR implements the improvement of an existing pipeline," added Bahrami.

In March 2010, Chairman of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev announced that Azerbaijan is ready to supply Iran with five bcm of natural gas per year once the infrastructures are set in place.

Source: Fars News Agency

For more news and expert analysis about the Caspian region, please see Caspian Focus.

For more news and expert analysis about Iran, please see Iran Strategic Focus.

No comments:

Post a Comment