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Tuesday, November 07, 2006

Will Gazprom sell gas to Azerbaijan cheaper than to Ukraine?

Azerbaijan11–04–2006 - Regnum News – Azerbaijan counts for buying gas from Gazprom next year at a price lower than the one the consortium proposed to Ukraine — $130 for 1,000 cubic meters. First deputy prime minister of Azerbaijan Yagub Eyubov made the announcement in Baku on November 3. According to him, the question of buying gas from Russia next year has not been settled yet, talks have continued. “Russia proposed to Ukraine the gas at a price of $130 for 1,000 cubic meters. We count that or us the price will be lower,” Eyubov said. Besides, Azerbaijan is having talks with Iran concerning gas supplies. “We are having talks with the Iranian side concerning gas supplies, but there has been no clarity on the issue yet. However, I believe that Azerbaijan is able to cover its gas demand on its own without importing it,” Eyubov noted. Overall, Azerbaijan’s estimated demand for gas is 12-14 billion cubic meters per year.

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