Turkey's Botas buys 1.6 billion cubic meters of LNG from TotalEnergies over a 10-year period

Alparslan Bayraktar, the Turkish Energy Minister announced on Wednesday that Turkish state-owned energy company Botas had signed a 10-year contract to import LNG from French oil giant TotalEnergies starting in 2027.

Bayraktar announced the deal on the social media platform X. The contract, signed at the GasTech conference, Houston, is for the annual delivery of 1.6 Billion cubic meters of LNG.

The majority of Turkey's gas is imported from Russia, Iran, and Azerbaijan. However, the country has been working to diversify their long-term supply, as several contracts are due to expire next year.

Turkey imports nearly all its gas needs. Last year, it was 50 billion cubic meters. It hopes to exploit more domestic resources in order to become a

Gas re-exporter in the region

Botas in April

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A 10-year LNG agreement was signed with Oman, and then ExxonMobil. Botas has agreed to purchase up to 4 billion cubic meters of LNG this month

Shell

On a 10-year agreement beginning in 2027.

Bayraktar stated that the new deal with TotalEnergies will allow Turkey to import half its natural gas annually via LNG.

He said: "We can provide (natural gas), especially to those in South-East Europe who are in desperate need of gas." Reporting by Huseyin Haatsever from Ankara, and America Hernandez from Paris. Editing by Andrew Heavens, Kim Coghill and Kim Coghill.

(source: Reuters)