Azerbaijan's SOCAR and Romania's Romgaz to sign new gas deal

Romania is set to sign a new one-year contract to receive natural gas from Azerbaijan, Romanian President Klaus Iohannis said on Thursday after meeting with Azerbaijani President Ilham Aliyev.

The Romanian president said that on February 3 the two national companies - Romgaz and Socar - will sign a new contract for the period April 1 2023 to April 1 2024.

The contract will be inked on Friday and come into effect on April 1, Iohannis said. A transcript of his public remarks was released on the presidential website.