Azerbaijan-Turkey gas-deal key to Caspian supply
A phased approach to opening the gas Southern Corridor to Europe will persuade Caspian producers to make their gas available, says Greece’s Depa, starting with the ITGI link
A gas-transit deal between Turkey and Azerbaijan is the key to unlocking Caspian gas exports to Europe and opening up Southern Corridor pipeline projects, says Greece’s Depa. Europe relies on Russian natural gas imports, but the EU wants to diversify supply following supply disruptions resulting from Gazprom spats with transit country Ukraine – which transits around 80% of Russian gas exports to Europe. Azerbaijan, meanwhile, is developing huge gasfields that could supply Europe through Turkey and several pipeline projects are vying to sign up for the central Asian country’s gas resources. The first deal for 10 billion cubic metres a year (cm/y) of Caspian supply is expected next week. “[Th
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
