Turkey Negotiates Gas Supply Deals Amidst Regional Energy Dynamics

Turkey has secured a 15-year natural gas supply deal with Azerbaijan for 33 bcm, while simultaneously negotiating the renewal of its major gas contracts with Russia's Gazprom, which are set to expire at the end of 2026. The Turkish energy ministry announced that the agreement with Azerbaijan involves gas from the Absheron field, with production expected to start in 2029. This deal aims to enhance Turkey's energy resilience and market position. In contrast, Turkey's gas imports from Azerbaijan fell by 6% in March 2026, while imports from Russia surged by 28%. The negotiations with Gazprom are crucial as Turkey remains a significant market for Russian gas, especially after the loss of European clients due to geopolitical tensions. The outcome of these negotiations could impact Turkey's energy security and its role in regional energy markets.

Key Points: • Turkey secures a 15-year gas supply deal with Azerbaijan for 33 bcm. • Negotiations with Gazprom are ongoing to renew contracts expiring at the end of 2026. • Turkey's gas imports from Azerbaijan decreased by 6% in March 2026.