...

Azerbaijan, Turkey extend Shah Deniz 1 deal

Oil&Gas Materials 27 September 2021 14:58 (UTC +04:00)
Azerbaijan, Turkey extend Shah Deniz 1 deal

BAKU, Azerbaijan, Sept.27

By Leman Zeynalova – Trend:

Azerbaijan and Turkey have extended the deal to supply gas from Shah Deniz 1, Trend reports.

Azerbaijan’s state oil company SOCAR confirmed the information. “I can confirm that we have a gas supply agreement. We don’t comment on details now,” Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR told Trend.

Turkish media outlets report with reference to sources that the agreement will expire in 2024.

The 2001 contract for delivering 6.6 billion cubic meters of gas per year to Turkey from Azerbaijan expired on April 16, 2021.

Currently, Turkey buys Azerbaijani gas via the Trans Anatolian Natural gas Pipeline (TANAP), the longest section of the Southern Gas Corridor. TANAP is set to transport 6 billion cubic meters of gas per year to Turkey. Azerbaijan has exported 3.2 billion cubic meters of gas to Turkey via TANAP from January through July 2021, according to Azerbaijan’s energy ministry.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest