Economy

Azerbaijan and Türkiye sign 15-year contract for 33 billion cubic meters of gas

"Breaking: Azerbaijan and Türkiye sign a 15-year contract for 33 billion cubic meters of gas from the Absheron field, boosting regional energy cooperation. Discover the implications for both nations."

BY: 5 min read
Azerbaijan and Türkiye sign 15-year contract for 33 billion cubic meters of gas
Featured image for: Azerbaijan and Türkiye sign 15-year contract for 33 billion cubic meters of gas

Azerbaijan and Türkiye have signed a contract for the delivery of 33 billion cubic meters of natural gas from the Absheron gas field. The agreement is set for a duration of 15 years and will facilitate gas deliveries through the Baku-Tbilisi-Erzurum pipeline.

This contract marks a significant development in energy cooperation between the two countries. The Absheron gas field is a key resource for Azerbaijan, contributing to its energy exports.

For further context on regional developments, see recent developments related to political tensions in Europe.