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Russian natural gas giant Gazprom is in talks with Azerbaijan to purchase natural gas. Russian Ambassador to the South Caucasus Vasily Istratov said June 4 that Gazprom CEO Alexei Miller met with Azerbaijani President Ilham Aliyev on June 2 in Baku. Gazprom is proposing to pay the same as — and possibly more than — Europe and Iran have offered for the natural gas. This marks one of the first times that Gazprom has actually said it will put up the cash to compete with other potential natural gas buyers.

If Azerbaijan goes with the Russian suitor, it could cut off one of Europe’s options for further diversifying away from Russian energy supplies and could secure Moscow’s ability to continue its own westward exports.


MAP - FSU and European Nat Gas Lines
(click image to enlarge)

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