Türkiye and Azerbaijan Sign 33 BCM Gas Supply Deal

Energy and Natural Resources Minister Alparslan Bayraktar has announced that a new natural gas supply agreement has been signed with Azerbaijan, covering a total volume of 33 billion cubic meters.

Speaking on Jan. 4 to private broadcaster Kanal 7, Bayraktar explained that the deal was finalized two days earlier and will begin in 2029, lasting for 15 years, The Caspian Post reports, citing Turkish media.

He detailed that the gas will be sourced from Azerbaijan’s Absheron field, with an annual supply of 2.25 billion cubic meters, amounting to 33 billion cubic meters over the contract period.

“We concluded the final negotiations last Friday [Jan. 2], and the signatures will be completed very soon. Production from the Absheron field will reach 2.25 billion cubic meters annually, and we will import this volume until the 2040s,” said the minister.

“We secured affordable gas and ensured long-term supply for our country. This gas will be delivered via pipeline from Azerbaijan across the Caspian Sea,” Bayraktar added.

The minister also highlighted Türkiye’s nuclear energy ambitions, noting that the Akkuyu Nuclear Power Plant is expected to produce its first electricity this year.