Turkey locks in more Azeri gas
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
Turkey has followed up a recent LNG buying spree with a new 15-year deal to take pipeline gas from Azerbaijan as its strategy for imports through 2030 enters a critical phase. The agreement, confirmed in early January by Turkish Minister of Energy Alparslan Bayraktar, is for 2.25bcm/yr from the Absheron field, supplied via the existing South Caucasus pipeline from 2029, according to Bayraktar. Absheron has up to now only supplied Azerbaijan’s domestic market from its first phase. The new deal with Turkish state-owned gas company Botas is expected to tap the project’s second phase, which has yet to reach FID. It is likely to partially backfill about 3.5bcm/yr of pipeline gas from Turkey’s con
Also in this section
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
13 April 2026
For GCC producers, the ceasefire may prove more destabilising than the war itself: exports remain constrained, and control over Hormuz has shifted in ways that could endure
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
