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❗️Turkiye & Azerbaijan sign 15-year gas deal for 33 bcm of supplies
Turkiye's state energy company BOTAS and Azerbaijan's SOCAR signed a long-term agreement to supply 33 billion cubic meters (bcm) of natural gas to Türkiye over 15 years, beginning in 2029.
The deal, signed during Baku Energy Week alongside TotalEnergies and ADNOC, is tied to new investments in Azerbaijan's Absheron gas field, which is estimated to hold 350 bcm of gas and 45 million tons of condensate.
Turkish officials said the agreement strengthens Turkiye's ambitions to become a regional energy hub while enhancing energy security for Turkiye, neighboring countries, and Europe.
President Recep Tayyip Erdogan and Energy Minister Alparslan Bayraktar also highlighted plans to expand regional energy corridors, including the long-discussed Trans-Caspian pipeline that could transport Turkmen gas through Azerbaijan and Turkiye to European markets.
Bayraktar noted that the TANAP pipeline still has significant unused capacity and said support is growing for bringing Turkmen gas to Türkiye and Europe through the Southern Gas Corridor.
(Turkiye Today)