facebook
twitter
rss
account
search
search
 

Gazprom, Azerbaijan discuss gas future

Bilateral ties between two gas giants is "positive," Russian side says.
By Daniel J. Graeber   |   May 23, 2014 at 10:23 AM   |   Comments

| License Photo
ST. PETERSBURG, Russia, May 23 (UPI) -- Russian energy company Gazprom said Friday it was upbeat about the potential to build stronger ties with its counterparts in Azerbaijan.

Alexei Miller, the chairman of the Russian energy company, met Friday in St. Petersburg with his counterpart at the State Oil Company of the Azerbaijan Republic, Rovnag Abdullayev.

Gazprom said both sides paid "special attention" to gas purchases.

"The meeting participants were positive about the current cooperation between the two companies and confirmed their interest in strengthening the long-term partnership," the Russian company said in a Friday statement.

A 2010 contract between both parties called on Azerbaijan to deliver more than 70 billion cubic feet of natural gas per year, but Azerbaijan was short of that last total year.

In January, Russian oil company Transneft said it would suspend deliveries through the Baku-Novorossiysk oil pipeline because Azerbaijan hadn't signed the necessary agreements for oil transit.

Azerbaijan is viewed by members of the European community as a source for alternate gas supplies. Russia meets about a quarter of European gas needs, though ongoing debt disputes with Ukraine, which transports most of that gas, has added a layer of risk to the region's energy sector.

Follow @dan_graeber and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
North Dakota gets more gas processing capacity
2
Russia to take rubles, yuan for oil
3
Navy contracts for F-35-related construction work
4
Snapchat is worth $10 billion now
5
Carrier hull section sent to Scotland for ship assembly process
Trending News
Video
x
Feedback