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Updated · Bloomberg · Jun 1Turkey, Russia Discuss Extending Gas Supply Deals Beyond 2026
2 articles · Updated · Bloomberg · Jun 1
- Turkey and Russia are negotiating to renew natural-gas import contracts beyond 2026, when current supply agreements are due to expire at year-end.
- Botas is holding the talks with Gazprom, Turkish Energy Minister Alparslan Bayraktar said at the Baku Energy Forum in Azerbaijan.
- Potential contract volumes and the length of any extension have not yet been agreed, leaving the scope of a new deal unresolved.
Is Turkey's gas diversification a real strategy or just a ploy for a better deal with Russia? As the EU bans Russian gas, will Turkey become Europe's new energy backdoor, undermining Western sanctions?