Türkiye's state-run energy company BOTAŞ, Azerbaijan's SOCAR, TotalEnergies and ADNOC have signed a natural gas sales and purchase agreement for gas to be produced from Azerbaijan's Absheron field.
The agreement covers supplying Türkiye with a total of 33 billion cubic meters (bcm) of natural gas from Azerbaijan over 15 years, starting in 2029, according to the statement from the Energy and Natural Resources Ministry on Monday.
The step supports Türkiye's vision of becoming a central country in energy and aims to contribute to the energy supply security of the country, the region, and Europe, it added.
The deal was signed on the sidelines of Baku Energy Week, by SOCAR President Rovshan Najaf, BOTAŞ Chairperson and General Manager Abdulvahit Fidan, TotalEnergies senior vice president for exploration and production Europe Martino Panizzi, and Mohammed Al Aryani, President International Gas at XRG.
A final investment decision for the second phase of the Absheron project is expected this year. Annual gas production is expected to begin in 2029 and reach above 4 billion cubic metres, according to a Reuters report.
