Gazprom and SOCAR agree not to limit Azeri gas purchases in long-term prospect

Chairman of board of Gazprom OJSC Alexei Miller and president of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev have reached a series of principal arrangements on volumes of Azeri gas supplies to Russia.
Gazprom reports that at their meeting it was agreed that purchase of Azeri gas will be based on the price formula tied to the oil basket and in the absence of restrictions on the volume of purchases in the long-term prospect.
[Read more]
Source: ABC.Az