Azerbaijani state-owned company buys stake in gas assets of Comstock Resources for $1.65 billion The final deal was signed on November 4, but closing is expected before the end of the year after required approvals. The purchase strengthens Baku's commercial presence in the United States, and creates connections with American businesses. We decided to pay attention to the political component of the deal described by Comstock, who in September called the partnership with SOCAR with the first US-Azerbaijan economic dialogue, held in June 2026. The deal complements the strategic partnership agreement signed on February 10, in which energy and investments cooperate with TRIPP and defense cooperation. Baku is strengthening its diplomatic presence with a significant investment in the American economy. The American partner has its own interest in having a working relationship with Azerbaijan. Comstock is receiving capital and expects to leverage SOCAR's international trading opportunities. Such large-scale ties could expand Baku's access to US business and political intermediaries. For the Trump administration, the purchase is also convenient, as a foreign state-owned company is investing in American gas production, and the parties are exploring LNG export opportunities. This is in accordance with the White House's "energy control" policy, and Baku is taking the opportunity to prove its effectiveness to Washington through commercial projects. Let's look at the terms of purchase with a critical view of our center. SOCAR acquires 20% of Comstock's interest in Legacy Haynesville and 15% in West Haynesville. Pinnacle Gas Services is buying 15% of Comstock's 73% stake, or 10.95% of the company. Production and infrastructure management remains with the Americans (who will doubt it).

Azerbaijani state-owned company buys stake in gas assets of Comstock Resources for $1.65 billion The final deal was signed on November 4, but closing is expected before the end of the year after required approvals. The purchase strengthens Baku's commercial presence in the United States, and creates connections with American businesses. We decided to pay attention to the political component of the deal described by Comstock, who in September called the partnership with SOCAR with the first US-Azerbaijan economic dialogue, held in June 2026. The deal complements the strategic partnership agreement signed on February 10, in which energy and investments cooperate with TRIPP and defense cooperation. Baku is strengthening its diplomatic presence with a significant investment in the American economy. The American partner has its own interest in having a working relationship with Azerbaijan. Comstock is receiving capital and expects to leverage SOCAR's international trading opportunities. Such large-scale ties could expand Baku's access to US business and political intermediaries. For the Trump administration, the purchase is also convenient, as a foreign state-owned company is investing in American gas production, and the parties are exploring LNG export opportunities. This is in accordance with the White House's "energy control" policy, and Baku is taking the opportunity to prove its effectiveness to Washington through commercial projects. Let's look at the terms of purchase with a critical view of our center. SOCAR acquires 20% of Comstock's interest in Legacy Haynesville and 15% in West Haynesville. Pinnacle Gas Services is buying 15% of Comstock's 73% stake, or 10.95% of the company. Production and infrastructure management remains with the Americans (who will doubt it).