Turkey, Azerbaijan natural gas supply deal extended to 2030

05 June, 2024
Source: IranOilGas.com

The natural gas supply agreement between Azerbaijan and Turkey, which was due to expire at the end of this year, has been extended until the end of 2030, the Turkish energy minister confirmed Tuesday, reported the Daily Sabah.

Turkish Petroleum Pipeline Corporation (BOTAŞ), Azerbaijan's state energy company SOCAR, and Azerbaijan Gas Supply Company (AGSC) signed the deal on natural gas supply and exchange on June 4 at the start of the 29th International Caspian Oil & Gas Exhibition during Baku Energy Week.

BOTAŞ and SOCAR also signed four agreements on the delivery and exchange of natural gas.

"With the four agreements signed between BOTAŞ and SOCAR, Azerbaijani gas will be transported to Europe and Nakhchivan via Turkey, and Turkmenistan gas will be delivered to our country," Bayraktar said in a post on X.

"We also signed the extension of the natural gas supply agreement between BOTAŞ and AGSC, which will expire this year, until the end of 2030. I hope these agreements will be beneficial for the two brotherly countries," he added.

Speaking during the 29th International Caspian Oil and Gas Exhibition, Bayraktar recalled that with the agreement signed with the Azerbaijani Economy Ministry last month, they decided to cooperate in increasing the natural gas supply to the Turkish market and European countries via Turkey, in addition to agreeing on the natural gas shipment to Azerbaijan's autonomous region of Nakhchivan.

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