Azerbaijan’s SOCAR in Talks over Gas Storage

The State Oil Company of the Azerbaijan Republic (SOCAR) said it is in talks with Iran over an initiative to store the country’s gas in its own facilities and later re-pump it to its northern regions.

Talks are underway with Iran to see if Tehran is interested to use SOCAR’s storage facilities, Rovnag Abdullayev said, News.Az website reported on Monday.

Saying that the gas will be pumped into the facilities in summer, he noted that it will be re-supplied to Iran’s northern provinces during winter.

“Capacity of gas storage facilities has been increased from 800 mln cubic meters to 3.5 bln (cubic meters) for energy security purposes. We can increase the capacity as high as 5 bln (cubic meters),” Abdullayev further said.

Back in August, Iran’s Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said Iran may start pumping natural gas into underground storage facilities in Azerbaijan in the near future.

“This is a crucial question for Iran, and most likely, in the near future, Iranian gas will be pumped to Azerbaijani underground storage facilities,” he said at the time.

(Source: Tasnim, under Creative Commons licence)

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