Wednesday, March 14, 2012

Russia, Azerbaijan seek broader gas ties

Talks between Russia and Azerbaijan on Friday paved the way for a gas supply agreement that may undermine Western Europe's efforts to reduce their energy dependence on Russia.

"We have a very high chance of entering a full-blown agreement" on gas supplies, Russian President Dmitry Medvedev told reporters after a meeting with his Azeri counterpart, Ilham Aliyev.

Last month, the head of Azerbaijan's national energy company met with officials of Russia's state gas monopoly Gazprom and gave a preliminary pledge to supply gas to Russia from 2010.

But details of a potential supply deal remain scant, as both sides have yet to agree on the …

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