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Gazprom to double gas purchases in Azerbaijan
RBC, 03.09.2010, Baku 13:56:58.Gazprom and State Oil Company of Azerbaijan (SOCAR) have signed a supplemental agreement to the existing contract on the sale and purchase of Azerbaijan's natural gas, the Russian energy monopoly's press office reported today. According to the document, Russia will double gas its purchases from Azerbaijan's state-owned oil and natural gas corporation to 2bn cubic meters in 2011, and over 2bn cubic meters starting in 2012. The supplemental agreement was signed in Baku during Russian President Dmitry Medvedev's official visit to the republic. Gazprom's chief Alexei Miller is accompanying the president on the visit. Gazprom reiterated that the company started buying gas from Azerbaijan on January 1, 2010, and supplies had originally been set at 1bn cubic meters per year. According to Miller, territorial proximity, a well-developed gas transporting infrastructure, and a lack of transit zones have made an expansion in cooperation between the two companies more feasible for both Russia and Azerbaijan.
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