Azerbaijan and Russia fail to reach gas deal

Gazprom Officer in Baku Akif Hasanov told APA the meeting would last some days and the result to be publicized on Dec. 25.

The meeting was attended by SOCAR President Rovnag Abdullayev, Vice-President Elshad Nasirov, Gazprom Officer in Baku Akif Hasanov and Gazprom deputy chair Aleksandr Medvedev.

SOCAR President Rovnag Abdullayev said Azerbaijan is receiving 4.5bn cu m of gas at a price of $110 per 1,000 cubic meters this year. But, for 2007 Gazprom wants to charge Azerbaijan $235 per 1,000 cu m of Russian gas, which offered $230 previously.