Baku to increase gas supplies to Turkey

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Turkey has sealed a three-year,11 billion cubic metres (bcm) natural gas accord with Azerbaijan and is making “significant” progress in securing additional natural gas supply, Energy Minister Fatih Donmez said on Friday.

Turkey’s record demand for natural gas this year is forcing it to step up purchases on a surging spot market as it scrambles to renew long-term contracts expiring this winter.

Azerbaijan’s energy minister Parviz Shahbazov told Reuters on Thursday that Azerbaijan had signed a new deal with Turkey to supply gas from its giant offshore Shah Deniz I field. Azerbaijan halted gas supplies from Shah Deniz I to Turkey in April after the contract expired.

Donmez rejected what he said where claims that Turkey was buying gas at expensive rates and he also denied reports that state energy companies Turkiye Petrolleri and BOTAS will be sold off.

Baku to increase gas supplies to Turkey

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