Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, January 27, 2020

Azerbaijan resumes gas shipments to Russia after disruption

Azerbaijan resumed its delivery of gas to Russia on Wednesday after shipments were disrupted by adjacent motorway repairs.

An official at SOCAR, Azerbaijan's state-run energy company, made the announcement on the sidelines of the Caspian Oil & Gas conference on Tuesday, Reuters reports.

Azerbaijan suspended its gas shipments to Russia in January, saying maintenance work was being conducted on a road between the capital of Baku and the Russian border that runs along the pipeline.

Before suspending supplies, Azerbaijan provided 792 million gallons of gas a day to Russia, a minor part of the country's total gas consumption, according to Reuters.

Azerbaijan's total gas production is estimated to be roughly seven trillion gallons this year, down from 7.6 trillion gallons in 2013.