Azerbaijan stops buying unprofitable Russian gas


Azerbaijan Methanol Company (AzMeCo) suspended purchases of gas from Russian gas monopoly “Gazprom” because of unprofitability, said the “Report” agency, citing the press service of the company.

September 11 “Gazprom” and AzMeCo signed a mid-term contract of sale of gas up to two billion cubic meters a year. During the period of the contract the company has acquired more than 100 million cubic meters of gas, said the agency.

“We have decided to suspend the purchase of gas from “Gazprom”, since in the current conditions we’re loosing money,” – noted in AzMeCo.