Azerbaijan Faces Revenue Cuts As Gas Exports to Turkey Halted

In spite of the warm political ties between the two states, Ankara appears in no great hurry to renew the contract, believing it holds the upper hand. A contract for gas exports from Azerbaijan to Turkey has quietly expired, leaving Baku without the bulk of income from its largest gas consumer while the flow is halted. BP, which heads the consortium operating Azerbaijan’s Shah Deniz gas field from which the gas is produced and sold to Turkey, confirmed to Eurasianet that flow halted on April 17 after the contract expired, but that talks on renewal “have been going on for some time, and are continuing.” Under the contract, signed in 2001, Turkey’s state gas importer Botas was importing up to 6.6 billion cubic meters of gas per year from the Azerbaijan Gas Supply Company (AGSC), an establishment representing the consortium of six companies that developed the Shah Deniz gas field in the Caspian Sea. To read the full story, check out the article of Eurasianet.


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