Azerbaijan-Turkey gas-deal key to Caspian supply
A phased approach to opening the gas Southern Corridor to Europe will persuade Caspian producers to make their gas available, says Greece’s Depa, starting with the ITGI link
A gas-transit deal between Turkey and Azerbaijan is the key to unlocking Caspian gas exports to Europe and opening up Southern Corridor pipeline projects, says Greece’s Depa. Europe relies on Russian natural gas imports, but the EU wants to diversify supply following supply disruptions resulting from Gazprom spats with transit country Ukraine – which transits around 80% of Russian gas exports to Europe. Azerbaijan, meanwhile, is developing huge gasfields that could supply Europe through Turkey and several pipeline projects are vying to sign up for the central Asian country’s gas resources. The first deal for 10 billion cubic metres a year (cm/y) of Caspian supply is expected next week. “[Th
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
