Natural gas supply deal between Azerbaijan, Türkiye extended up to 2030

A natural gas supply agreement between Azerbaijan and Türkiye, which was due to expire at the end of 2024, has now been extended until the end of 2030.

Turkish Petroleum Pipeline Corporation (BOTAS), 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, which runs between June 4-6.

Alparslan Bayraktar, the minister of energy and natural resources for Türkiye, and Mikayil Jabbarov, the minister of economy for Azerbaijan, participated in a signing ceremony for the extension to the natural gas agreement.

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

“With the four agreements signed between BOTAS and SOCAR, Azerbaijani gas will be transported to Europe and Nakhchivan via Türkiye, and Turkmenistan gas will be delivered to our country," Bayraktar confirmed on his X account.

"We also signed the extension of the natural gas supply agreement between BOTAS 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.