Azerbaijan, Turkey ink new gas supply contract

An additional natural gas trade agreement of 11 billion cubic meters to run until the end of 2024 has been agreed upon between Azerbaijan and Turkey, according to Turkey’s Minister of Energy and Natural Resources Fatih Donmez, Report informs referring to Anadolu Agency.

In a written statement, Donmez lauded the deal as one that has made progress in securing additional natural gas supply for the country in the run-up to the winter season and at a time that the world is facing a major energy crisis.

“Negotiations to meet natural gas demand, which may increase as winter approaches, are progressing positively. In this context, an additional natural gas trade agreement of 11 billion cubic meters from the Baku-Tbilisi-Erzurum Line, which will be valid until the end of 2024, has been signed with Azerbaijan,” he said.