The 20-year Turkey-Azerbaijan gas agreement was renewed
No price information and details regarding the agreement were shared, and Azerbaijan’s announcement by e-mail that the ‘temporary agreement was approved’ brought along comments that both parties aimed to take a position in the national and global market according to some developments and that the agreement would be valid until 2024.
Turkey was previously importing 6.6 billion cubic meters of gas per year from Azerbaijan within the framework of the agreement.