OREANDA-NEWS. July 1, 2009. The management of Azeriqaz, Azerbaijan Gas Transport Company, cannot call profit that can be received following this year after unprecedented (2.1 fold) rise of tariffs for gas supply for consumers.

Azeriqaz Economy & Forecasting Department’s head Tofig Allahverdiyev said that Company profit for 2009 will depend on the population.

“We cannot forecast what gas volume the population can consume especially in summer season. We can call any figures only following the year. Our charge does not show profit as it is calculated only after accruals. The revenues will be used for implementation of the Azerbaijan State Gasification Programme 2009-13,” Allahverdiyev said.

By Tariff Council’s decision cost of 1,000 cu m of natural gas was increased from 47.2 up to 100 manats. Tariff of 60 manats per 1,000 cu m (at least 5 million cu m a month) was valid for wholesale industrial consumers. The Decision came into effect on 1 July 2009.