SOCAR, BOTAS Clinch Deal On Extending Natural Gas Supply
(MENAFN- AzerNews)
By News Centre
Agreements regarding natural gas supply and exchange were signed
between BOTAS and the State Oil Company of Azerbaijan Republic
(SOCAR) and Azerbaijan Gas Supply Company,
Azernews reports.
Thus, the natural gas supply agreement between Azerbaijan and
Turkiye, which was set to expire by the end of the year, has been
extended until the end of 2030.
As part of the 29th International Caspian Oil and Gas Exhibition
held in the capital city of Azerbaijan, Baku, a signing ceremony
was held with the participation of Energy and Natural Resources
Minister Alparslan Bayraktar and Azerbaijan's Economy Minister
Mikayil Jabbarov.
Abdulvahit Fidan, Chairman of the Board and General Manager of
BOTAS, and Lidya Salahova, General Manager of Azerbaijan Gas Supply
Company, signed the agreement foreseeing the extension of the
natural gas supply agreement, which would expire at the end of
2024, until the end of 2030.
Fidan also signed four agreements with SOCAR President Rovnag
Abdullayev regarding natural gas delivery and exchange.
Regarding the matter, Energy and Natural Resources Minister
Alparslan Bayraktar stated the following in a post on his X
account.
"During our trip to Baku, we took new steps to build the
infrastructure of the Natural Gas Cooperation Agreement we signed
last month in Istanbul with Azerbaijan's Economy Minister, Mr.
Mikayil Jabbarov. With the four agreements signed between BOTAS and
SOCAR, Azerbaijani gas will be transported to Europe and Nakhchivan
through Turkiye, and Turkmen gas will be delivered to our country.
Additionally, we have also signed an extension of the natural gas
supply agreement between BOTAS and Azerbaijan Gas Supply Company
until the end of 2030."
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