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Azerbaijan Will Take Additional Steps To Increase Gas Supplies To Turkey

Azerbaijan Will Take Additional Steps To Increase Gas Supplies To Turkey

Baku will take additional steps to increase gas supplies to Turkey, Azerbaijani President Ilham Aliyev said.

On Saturday, Aliyev attended the groundbreaking ceremony for offshore operations at the Absheron field at the Heydar Aliyev Baku deep-water Foundation plant and said that the reserves of this field are 350-360 billion cubic meters of gas and 100 million tons of condensate, and its development will be carried out in stages.

"If a year ago Azerbaijani gas was in the fourth or fifth place on the Turkish market, now we are in the first place. That is important both for us and for Turkey. Today, Turkey receives gas from its sister country, and additional steps will be taken to increase these supplies. In particular, it means production from the Absheron field. The gas produced from the second phase will be transferred to Turkey via the TRANS-Anatolian gas pipeline (TANAP), including to other markets," Aliyev's press service quoted him as saying.

Azerbaijan, according to the Turkish energy market regulation authority (EPDK), became the largest gas supplier to Turkey in the first half of the year. The volume of gas purchases from this country increased by 23.4% compared to the same period last year — up to 5.44 billion cubic meters, which is due to an increase in deliveries via TANAP.

At the same time, Turkey imported 4.68 billion cubic meters of gas from Russia in the first half of the year, compared to 7.99 billion for the same period in 2019 (a decrease of 41.5%). Last year, Russia held a leading position in the ranking of gas suppliers in Turkey.

In November 2016, SOCAR and Total signed an agreement on defining the main contractual and commercial terms of the first stage of development of the Absheron gas condensate field. The project participants are SOCAR (50%) and Total (50% — operator). The contract is signed for a period of 30 years. The contract area is 747 square kilometers. At the first stage, the planned production volume will be 1.5 billion cubic meters per year. At its peak, the project can produce about 5 billion cubic meters of gas per year.

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