Baku to increase gas supplies to Turkey

News

30.10.2024 | 10:24
“Navigating Gray Zones: Building Resilience in State and non-State Institutions in the Era of Hybrid Warfare”․ two-day workshop in Yerevan
10.10.2024 | 11:25
Businessman and benefactor Mikayel Vardanyan was awarded the title of Honorary citizen of Masis community
03.10.2024 | 13:50
The stamp, the first day cover and the souvenir sheet dedicated to the 75th anniversary of Hrant Vardanyan, a businessman, benefactor, the founder of “Grand Holding” have been issued
30.09.2024 | 17:05
The statement of a group of Armenian civil society organizations regarding the Armenia-EU visa liberalization process
26.09.2024 | 16:28
The EDB, the WFP and Yeremyan Projects launch the “Milk to Schools” initiative on World School Milk Day
23.09.2024 | 11:20
David Yeremyan’s success recipe: set goals, never stop and create lasting values
11.09.2024 | 10:52
Barerar.am is a new platform that provides an opportunity to provide assistance to needy families directly and without any mediation
28.06.2024 | 13:00
World Food Programme, Eurasian Development Bank, and Yeremyan Farm Sign Letter of Intent for Expansion of the “Milk in Schools” project in Armenia
17.06.2024 | 16:18
Civil Society Condemns: “Police Violent and Illegal Actions Directed by Highest Political Power”
31.05.2024 | 10:37
Thanks to the 118 million drams support from Karen Vardanyan, modern equipment was supplied to the National Center for Burns
25.05.2024 | 16:17
”Yeremyan Projects” opens state-of-the-art dairy production plant
18.04.2024 | 15:46
The ”Armenian gambit” amidst the Russian presidential elections
19.03.2024 | 21:00
We are ready to do more together with Armenia: Jens Stoltenberg. VIDEO
19.03.2024 | 17:31
Thanks to financial support of 117 million drams from Mikael Vardanyan, in the enlarged Masis community the problem of garbage collection will be completely solved
19.03.2024 | 13:50
The democratic facade and other peculiarities of the 2024 presidential elections in Russia
More

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.