Baku 29° C
AzMeCo and Gazprom ink a contract
Energy
- 11 September, 2015
- 13:02
Baku. 11 September. REPORT.AZ/ An agreement between AzMeCo (Azerbaijani methanol plant) and Russian "Gazprom export" signed today in Baku.
Report informs, contract was signed by chairman of the board of directors AzMeCo Nizami Piriyev and CEO of "Gazprom export" Elena Burmistrova.
According to the agreement, "Gazprom" will sell 2 billion cubic meters of natural gas to AzMeCo per year. Demand for gas by "AzMeCo" methanol plant in Karadag will be met by 100%.
They are scheduled to begin in the near future.
AzMeCo founded in 2007 and commissioned in December 2013.Production capacity is 720 thousand tons of methanol per year.
Author
Latest News
12:16
Green energy key to diversifying Azerbaijan's economy, UK envoy says
Foreign policy12:12
Gold prices reach $4,621 per troy ounce
Finance12:07
Brent crude oil trading at $93.24 per barrel
Energy11:55
Envoy: UK seeks to deepen defense and security cooperation with Azerbaijan
Foreign policy11:54
Ambassador: Azerbaijan important economic partner of UK
Foreign policy11:37
Japan executes death row inmate, 1st since Takaichi took office
Other countries11:15
Woman in Alaska uses jiu-jitsu and help from her dog to survive bear attack
Interesting11:02
US gives its allies ultimatum on Iran: Support Washington or face sanctions
Other countries10:51