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
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
