The 20-year Turkey-Azerbaijan gas agreement was renewed for a short time after 1 year of negotiations.

No price information and details regarding the agreement were shared, and Azerbaijan’s announcement by e-mail that the ‘temporary agreement was approved’ brought along comments that both parties aimed to take a position in the national and global market according to some developments and that the agreement would be valid until 2024.

Turkey was previously importing 6.6 billion cubic meters of gas per year from Azerbaijan within the framework of the agreement.

Turkey-Azerbaijan Gas Agreement Renewed After 1 Year of Negotiation | Devamı>>>

The latest International Energy Agency (IEA) report on the global natural gas market makes sombre reading, especially for current and would-be producers of the super-chilled version of the fuel.

No doubt much of the commentary on the report, issued on Wednesday, will be around the headline forecast that global natural gas demand will drop by 4%, or 150 billion cubic metres (bcm) in 2020 as consumption takes a hit from the economic impact of the novel coronavirus.

LNG Recovery in Asia Depends on China, India Policies | Devamı>>>