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Azerbaijan faces revenue cuts as gas exports to Turkey halted
May 28, 2021 1:30:pm
Summary 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.
by: David O’Byrne
Azerbaijan faces revenue cuts as gas exports to Turkey halted
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.”
Azerbaijan faces revenue cuts as gas exports to Turkey halted
May 10, 2021 3:00:pm
Summary 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.
by: David O’Byrne
Posted in:
Azerbaijan faces revenue cuts as gas exports to Turkey halted
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.”
Azerbaijan faces revenue cuts as gas exports to Turkey halted
05 May 2021, 18:49 GMT+10
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 of gas 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), a company representing the consortium of six companies that developed the Shah Deniz gas field in the Caspian Sea.
Istanbul The flow of gas from Azerbaijan s offshore Shah Deniz gas field to Turkey supplied under a contract for 6.6 Bcm/year agreed in 2001 has been halted since the contract expired earlier this month, a source with knowledge of the matter told S&P Global Platts on April 26.
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The source said talks were continuing between Turkey s state gas importer Botas and the Azerbaijan Gas Supply Company (AGSC), the company representing the Shah Deniz consortium, over a possible renewal, but that flows had been halted because they could not continue past the contract s end-date on April 16.