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Azerbaijan To Double Gas Exports To Russia


Azerbaijani President Ilham Aliyev (right) meets with his Russian counterpart Dmitry Medvedev at the presidential residence in Baku.

Azerbaijani President Ilham Aliyev (right) meets with his Russian counterpart Dmitry Medvedev at the presidential residence in Baku.

Azerbaijan will double natural-gas exports to Russia, under a deal signed between Azerbaijan's state energy company SOCAR and Russia's Gazprom.

The deal was signed during Russian President Dmitry Medvedev's visit to Baku today.

Under the agreement, Azerbaijan will export 2 billion cubic meters of gas to Russia in 2011, and further increase deliveries from 2012.

Medvedev and Azerbaijan's President Ilham Aliyev discussed bilateral trade and signed a border-delimitation agreement.

Speaking after the talks, Medvedev said they also discussed a recent decision to extend the deployment of a Russian military base in neighboring Armenia, with which Azerbaijan is locked in a long-standing conflict over the breakaway region of Nagorno-Karabakh.

Medvedev said the decision was solely aimed at maintaining stability in the region, and that there were "no pitfalls or other considerations" behind it.

compiled from agency reports
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