Turkey and Algeria extend the natural gas agreement for 3 years

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Turkish Minister of Energy and Natural Resources Alp Arslan Bayraktar announced the extension of Turkey’s agreement to import natural gas from Algeria for 3 years.

On his account on the social networking site “X”, the Turkish minister confirmed the extension of the agreement, which expires in October 2024, until 2027.

He pointed out that the extension agreement was concluded at the second meeting of the high-level Turkish-Algerian Cooperation Council on Tuesday, with the participation of Turkish President Recep Tayyip Erdogan and Algerian President Abdelmadjid Tebboune.

The extension agreement was signed between the Turkish Petroleum Pipeline Company “BOTAŞ” and the Algerian National Oil and Gas Company “Sonatrach” and has been ongoing since 1988.

The current contract signed between Sonatrach and BOTAŞ stipulates that Turkey will continue importing 4.4 billion cubic meters annually, which was included in the previous contract.