Russia's Gazprom recently said it wants to slash gas imports to Azerbaijan and also double its price to $230 per 1,000 cubic meters.
Natik Aliyev, minister for industry and energy, said Azerbaijan was not satisfied with Gazprom's proposals and would replace Russian supplies with amounts from its own Shah Deniz gas field.
How Much Do The Neighbors Pay?
SETTING THE RATES: With Gazprom negotiating new contracts, many states will be paying more for Russian natural gas in 2007.
- Belarus, following tense negotiations with Gazprom, will pay $100 per 1,000 cubic meters in -- up from $47 in 2006. Ukraine, which depends on Russia to supply it with about 77 percent of its gas, will pay $130 per 1,000 cubic meters of a Turkmen-Russian gas mix. Moldova, which depends on Russia for 100 percent of its gas, will pay $170 per 1,000 cubic meters, with the price rising to European-level market price by 2011. Georgia has agreed to pay Gazprom $235 per 1,000 cubic meters of gas.