SOCAR announces plans to export gas to Georgia

SOCAR gas to be exported to Georgia will hit 1 billion cubic meters by late 2013, SOCAR's "Gas export" department head Gagamali Seyfullayev said in an interview with Caspian Energy magazine o September 24.

According to him, the export volume of gas to Georgia amounted to 993 million cubic meters in 2012 compared to 775 million cubic meters in 2011.

Gas is exported from Azerbaijan to Russia, Georgia, Turkey and Iran (swap transactions provide the Nakhchivan Autonomous Republic with gas).

He added that SOCAR exported 1.54 billion cubic meters of gas in the first half of the year. Around 876 million cubic meters of gas of the total volume were supplied to Russia, 446 million cubic meters - to Georgia and 217 million cubic meters - to Iran. According to the terms of the contract, Iran supplied 179 million cubic meters of gas to the Nakhchivan Autonomous Republic.

The contract signed with Russiae allows SOCAR to export up to 3 billion cubic meters to that country. According to the contract signed with Iran, 400 million cubic meters of gas are annually exported from Azerbaijan to this country, of which 300 million cubic meters are supplied to Nakhchivan Autonomous Republic for its needs.

SOCAR includes production units such as "Azneft" (the enterprise on production of oil and gas in sea and on land),"Azerikimya" (the enterprise of chemical industry) and "Azerigas" (gas distribution enterprise).

SOCAR includes a number of processing enterprises, service enterprises and institutions engaged in geophysical and drilling operations. (Trend)