Azerbaijan and Turkey ink deal for additional gas supply

Azerbaijan and Turkey ink deal for additional gas supply

Azerbaijan and Turkey have reached an agreement for supply of additional 11 billion cubic meters of gas via the Baku-Tbilisi-Erzurum pipeline, Turkey’s minister of energy and natural resources Fatih Donmez said.

Donmez dismissed the allegations that Turkey buys gas expensively, noting BOTAS’ natural gas purchase price is in line with the current indicators in the international market and is below $1300 per 1,000 cubic meters.

Minister also touched upon the allegations that TPAO and BOTAS will be privatized, adding that neither TPAO nor BOTAS will be sold.

The 2001 contract for delivering 6.6 billion cubic meters of gas per year to Turkey from Azerbaijan expired on April 16, 2021.

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