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

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SOCAR to supply 95 per cent of Azerbaijan with natural gas by 2013

The State Oil Company of Azerbaijan's (SOCAR) President Rovnag Abdullayev has said that the company plans to supply 95 per cent of the country with natural gas by 2013.

"The rehabilitation of old gas systems in underway in all regions. The task of provision of gas to frontline regions by the end of this year is set to us by the president of the country. And we consider that 95 per cent of Azerbaijani lands will be gasified by 2013,” said Abdullayev.

SOCAR currently holds restoration works in 57 regions. The expansion works will ensure functioning of 8 compressor aggregates and the station capacity will grow from 1.2m³ to 5m³.

Source: News Azerbaijan

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