Announcement

Collapse
No announcement yet.

BAKU: Azerbaijan, Iran sign gas contract

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • BAKU: Azerbaijan, Iran sign gas contract

    Azerbaijan, Iran sign gas contract

    15 December 2009 [18:42] - Today.Az



    SOCAR (State Oil Company of Azerbaijan) and the National Iranian Gas
    Export Company signed an agreement on supply of Azerbaijani gas to the
    northern provinces of Iran during the winter and an agreement on
    confidentiality, to hold negotiations on five-year contract (with
    possibility of extension) for the supply of Azerbaijani gas, said the
    statement by the Foreign Ministry of Azerbaijan.

    It is planned that from the beginning of the year, Azerbaijani gas
    will be delivered to Iran in certain volumes, in accordance with the
    capacity of existing infrastructure between countries.

    Currently, the infrastructure allows to deliver about 500 million
    cubic meters of gas per year.

    In the future, the sides intend to expand capacity by increasing the
    capacity of gas compressor stations.

    The gas price is not reported.

    The Iranian Ambassador to Azerbaijan Mohammad Bagir Bahrami said
    earlier that Iran intends to purchase about 5 billion cubic meters of
    gas from Azerbaijan.

    Azerbaijan has four directions of gas export, including Turkey,
    Georgia, Russia and Iran.

    At present, gas is exported to Turkey and Georgia. Azerbaijani gas
    will be exported to Russia from early 2010. At present, Azerbaijan
    exports gas upon swap conditions with further transfer of Iranian gas
    to provide the Nakhchivan Autonomous Republic.

    Azerbaijan and Iran are connected with the Qazimahammad-Astara
    pipeline gas pipeline.

    Its length is 1474.5 kilometers, including the territory of Azerbaijan
    - 296.5 kilometers.

    Its capacity is 10 billion cubic meters per year.

    This route is a branch of the pipeline Gazakh-Astara-Iran, put into
    operation in 1971. Three compressor stations have been built in
    Qazimahammad, Agdash and Gazakh.

    The gas transportation system is 55 atmospheres. Pipe diameter is 1,200 mm.

    /Trend Capital/
Working...
X