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AHMET BARIS ISITAN
Europe is attempting to acquire alternative gas supply in order to replace Russian gas passing via Ukraine. The terms of the transit agreement and contract between Kiev and Moscow expire at the end of 2024.
Among the alternatives would be to replace the volumes of Azerbaijani gas that Turkey now imports from Azerbaijan to Europe with more Russian gas supplies to the Turkish market. According to Bloomberg, Turkey is more interested in increasing exports through Bulgaria.
Bayraktar added that Ankara might collaborate with SOCAR in Azerbaijan to raise that capacity to at least 10 billion cubic meters, but he needs guarantees regarding European demand.
Bloomberg notes that these remarks validate diplomatic efforts to find a substitute for Russian gas deliveries to Europe.
source: bloomberg.com
Among the alternatives would be to replace the volumes of Azerbaijani gas that Turkey now imports from Azerbaijan to Europe with more Russian gas supplies to the Turkish market. According to Bloomberg, Turkey is more interested in increasing exports through Bulgaria.
Bayraktar added that Ankara might collaborate with SOCAR in Azerbaijan to raise that capacity to at least 10 billion cubic meters, but he needs guarantees regarding European demand.
Bloomberg notes that these remarks validate diplomatic efforts to find a substitute for Russian gas deliveries to Europe.
source: bloomberg.com
