04 June 2008, 19:21

"Gazprom" offers Azerbaijan European gas prices

The offer made by the "Gazprom" on gas purchase from Azerbaijan is a long-term deal based on the commercial European price. This news was made public on June 4 by Vasily Istratov, Russia's Ambassador to Baku, in a press conference.

Last Monday, on June 2, Alexei Miller, "Gazprom" board chairman, during his meeting with President of Azerbaijan Ilham Aliev, made an official offer to purchase Azerbaijani gas.

According to Mr Istratov, the "Gazprom" offers to buy Azerbaijani gas under the European price minus transportation expenses. "Political guarantees can also be assumed that the contract will have a long-term basis, and its parameters won't be revised. However, it's clear that in any case the final decision is with the seller, that is, with Azerbaijan," said the Ambassador.

In his turn, Rovnag Abdullaev, head of the State Oil Company of the Azerbaijani Republic, has declared that preliminary discussions had taken place on the offer of "Gazprom", and that negotiations will be continued.

However, Sabit Bagirov, head of the Centre for Economic and Political Studies and ex-president of the State Oil Company of Azerbaijan, said in his conversation with the "Caucasian Knot" correspondent that he was sceptical in the prospects of selling Azerbaijani gas to the "Gazprom". According to the expert, currently Azerbaijan does not possess enough gas volumes to make sales to the "Gazprom". Besides, Azerbaijani gas is already delivered to Europe under world prices, therefore, there is no sense in the "Gazprom" offer.

Author: Faik Medzhid, CK correspondent

All news
НАСТОЯЩИЙ МАТЕРИАЛ (ИНФОРМАЦИЯ) ПРОИЗВЕДЕН И РАСПРОСТРАНЕН ИНОСТРАННЫМ АГЕНТОМ ООО “МЕМО”, ЛИБО КАСАЕТСЯ ДЕЯТЕЛЬНОСТИ ИНОСТРАННОГО АГЕНТА ООО “МЕМО”.

May 18, 2024 17:47

May 17, 2024 23:13

  • Prosecution demands nine years in jail for Mikhail Balabanov for commissariat arson

    At the Southern District Military Court, the prosecutor has demanded to sentence Mikhail Balabanov, 21, to nine years in jail on charges of preparing to set fire to the military commissariat (registration and enlistment office) in Nevinnomyssk. Balabanov's guilt has not been proven; there are signs of falsification in the case, his defence has pointed out, demanding to acquit the defendant.

May 17, 2024 19:25

  • Rights defenders treat case of missing Movsar Umarov as typical for Chechnya

    The decision of the Grozny court to provide Eset Umarova with the materials of the case of her son Movsar's disappearance gives some hope to his family, but investigators are unlikely to make the hope true. The fate of Chechen residents who disappeared like Umarov often remains unknown, human rights defenders have pointed out.

May 17, 2024 18:11

May 16, 2024 22:49

News archive