Politics
Egypt and Turkey strengthen energy ties during negotiations in Azerbaijan amid Hormuz crisis
ANKARA — Egypt and Turkey are seeking to deepen their energy cooperation after their energy ministers met in Baku this week, as the two countries work to translate their recent rapprochement into broader economic ties.
What happened: Egyptian Oil Minister Karim Badawi met with Turkish Energy Minister Alparslan Bayraktar in the Azerbaijani capital on Monday, where the two discussed expanding cooperation in energy and mining, according to a statement from Egypt’s state information service.
The discussions focused on hydrocarbons, sharing know-how on energy and mining projects, attracting investments at the corporate level and the possible use of Egyptian and Turkish infrastructure to support the energy security of the Eastern Mediterranean, according to the statement.
The forum comes as Iran’s de facto blockade of the Strait of Hormuz disrupts Gulf energy flows, adding urgency to efforts to diversify supply routes and increasing the importance of energy infrastructure in the Caspian and Eastern Mediterranean.
Background: The Baku talks are the latest step in growing energy cooperation between Egypt and Turkey.
The two countries took a concrete step last year, when Turkish state-owned energy company BOTAS signed a contract with Egypt’s state-owned gas buyer, EGAS, to deploy a Turkish floating LNG storage and regasification unit in Egypt over the summer.
The two capitals have since sought to expand this cooperation. In April, Badawi and Bayraktar met in Istanbul, where they discussed the formation of working groups on hydrocarbons, mining investments and the possible use of both countries’ infrastructure.
Why it’s important: For Turkey, growing energy cooperation with Egypt offers a way to export energy infrastructure and services beyond its own market. The 2025 BOTAS-EGAS agreement highlighted this potential, marking the first Turkish mission abroad for a Turkish floating LNG storage and regasification unit.
The export of Turkish energy infrastructure to Egypt provides commercial access to one of North Africa’s largest energy markets and creates opportunities for Turkish energy companies beyond their domestic market.
For Egypt, additional import capacity has become more important as falling domestic production forces Cairo to rely more on LNG cargoes. Egypt’s gas production fell to 3.485 billion cubic feet per day in April 2025, from a peak of 6.133 billion cubic feet per day in March 2021, according to figures from the Joint Organizations Data Initiative, an international energy data platform.
The talks have gained relevance as Iran’s de facto blockade of the Strait of Hormuz disrupts Gulf energy flows and drives up import costs, increasing the value of flexible LNG infrastructure and alternative supply routes for energy-importing countries including Turkey and Egypt.
Learn more: The two countries have undertaken to rebuild their ties after years of rivalry, with energy emerging as one of the practical avenues for rapprochement.
During Turkish President Recep Tayyip Erdogan’s last visit to Cairo in February 2026, he reiterated his country’s goal of increasing bilateral trade volume to $15 billion from its current level of $9 billion. Egypt is Turkey’s largest trading partner in Africa.
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Sources 2/ https://www.al-monitor.com/originals/2026/06/egypt-turkey-push-energy-ties-azerbaijan-talks-amid-hormuz-crisis The mention sources can contact us to remove/changing this article |
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