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SOCAR Discloses Russian Gas Procurement Volumes

SOCAR is negotiating with the Russian Gazprom company and Iran to purchase three billion cubic meters of gas annually, Rovnag Abdullayev, SOCAR president, told reporters March 14.

“There is still interest in purchasing Russian gas,” he said. “We conveyed Gazprom our suggestion. We need gas for injecting into the reservoirs at the Azeri-Chirag-Guneshli block of fields to maintain stable oil production.”

“Second, we plan to inject additional volumes of gas in Azerbaijani underground gas storage facilities to fully use them,” he said. The capacity of gas storage facilities hits around five billion cubic meters. As a pilot project, we want to test the maximum capacity.”

He also said that SOCAR is negotiating with Iran about swap seasonal supplies.

“Iran has much unused gas during summer,” he said. “The talks are being held about pumping Iranian gas into Azerbaijani gas storage facilities and providing the northern provinces of Iran with gas in winter. At present, experts are discussing technical issues.”