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Russia, Azerbaijan expected to agree new gas deal

Russia, Azerbaijan expected to agree new gas deal

Russia's president was expected to clinch a major new natural gas deal with Azerbaijan on Monday, dealing another blow to Western efforts to find alternates to Russia for energy supplies.
Dmitry Medvedev was to travel to the Azerbaijani capital Baku, along with the chief of Russia's state-run natural gas monopoly, Gazprom, to oversee the deal's signing.
Gazprom CEO Alexei Miller said last week that the company could be expected to sign an agreement with Azerbaijan's state oil and gas company on buying natural gas from the country's largest gas field, Shah Deniz. He said Russia could begin buying Azerbaijan's gas as early as 2010.
The United States and Europe have long courted Azerbaijan and its vast energy reserves as an alternative source of oil and gas. European officials are looking to build a major pipeline, called Nabucco, that would bring Caspian and Central Asian gas to Western markets.
A new Russian deal with Azerbaijan would create fresh doubts over the Nabucco project's ability to source gas.


Updated : 2021-08-06 02:43 GMT+08:00