Turkey opens negotiations with Russia to renew gas supply deal beyond 2026

Russian President Vladimir Putin (center), Turkish President Recep Tayyip Erdogan (3rd from right) and Serbian President Aleksandar Vucic (2nd from right) attend the inauguration ceremony of the TurkStream gas pipeline in Istanbul, Turkey, January 8, 2020. (AFP Photo)

June 1, 2026 4:51 p.m. GMT+03:00

Türkiye has started negotiations with Russia to extend key natural gas supply agreements beyond 2026, Minister of Energy and Natural Resources Alparslan Bayraktar revealed on Monday at the Baku Energy Forum in Azerbaijan.

State-owned energy company BOTAS is currently in talks with Russian gas giant Gazprom over the renewal of long-term import contracts due to expire at the end of next year. Although discussions are ongoing, neither the contract volumes nor the duration of a possible extension have been finalized, Bayraktar told Bloomberg.

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Turkey keeps options on Russian gas open

The agreements under discussion concern gas deliveries via the Blue Stream and TurkStream gas pipelines. In December, Ankara extended two separate contracts with Gazprom, but the current agreements are only expected to last until the end of 2026.

BOTAS holds a long-term agreement with Gazprom for 16 billion cubic meters (bcm) of gas per year via the Blue Stream pipeline. The company also imports an additional 6 billion cubic meters per year through short-term agreements through TurkStream.

Together, the contracts cover 22 billion cubic meters of natural gas per year, helping to make Türkiye Gazprom the second largest market after China.

At the same time, Ankara is diversifying its energy imports thanks to new LNG agreements, notably with the United States, thus helping to reduce its dependence on Russian gas below 40%. According to official data, Turkey imported 58 billion cubic meters of natural gas in 2025, around 70% of which passed through pipeline networks.

A section of the TurkStream gas pipeline is laid off the Black Sea. (Photo via TurkStream)

Bayraktar sees momentum for Turkmenistan gas link

Bayraktar also highlighted Turkey’s proposal to transport Turkmenistan’s natural gas to Europe via Azerbaijan and the Southern Gas Corridor. The project would connect Turkmenistan’s vast gas reserves to Azerbaijan via a proposed Trans-Caspian gas pipeline before passing through existing infrastructure, including the Trans-Anatolian Gas Pipeline (TANAP) and Trans-Adriatic Pipeline (TAP), to European markets.

“There were remarks that the time has come for Turkmen gas to reach Turkey and Europe through Azerbaijan. All our counterparts are extremely interested in these issues. Perhaps, in terms of timing, we are now at a point where everyone will say ‘yes’,” he said.

The minister added that Turkey is ready to support new energy projects aimed at strengthening regional supply security.

“Turkey is ready on this issue. We have demonstrated this through the projects we have carried out and the contributions we have made so far,” he added.

June 1, 2026 4:51 p.m. GMT+03:00

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