Bank Of Baku

Azerbaijan and Türkiye ink agreement on 33 bcm of gas supply

Azerbaijan and Türkiye ink agreement on 33 bcm of gas supply
# 04 January 2026 14:49 (UTC +04:00)

An agreement has been signed between Azerbaijan and Türkiye for the supply of 33 billion cubic meters of gas, said Turkish Minister of Energy and Natural Resources Alparslan Bayraktar, APA reports.

Turkish minister announced the signing of a new natural gas agreement with Azerbaijan two days ago: "Two days ago, we reached a new agreement with Azerbaijan in the field of natural gas for 33 billion cubic meters. Gas supplies will be carried out for 15 years, at a rate of 2.25 billion cubic meters per year from the Absheron field in the Caspian Sea. This agreement will come into force in 2029 and will last until the 2040s. Using the existing infrastructure, we will bring this gas to our country through the Baku-Tbilisi-Erzurum pipeline ."

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THE OPERATION IS BEING PERFORMED