Turkey's Botas talks to Iran's National Gas Company for long-term supply

The Turkish energy company Botas announced on Wednesday that they had been in talks with Iran's National Natural Gas Company NIGC about a long-term supply from Iran of natural gas to Turkey.

Turkey consumes more than 50 billion cubic meters of gas each year. The country currently imports LNG from different suppliers and relies on a mixture of pipeline gas imported from Russia, Azerbaijan and Iran.

The long-term contracts that govern the supply of Iranian Gas to Turkey, which amounts to 10 billion cubic meters of gas per annum, expires in 2026.

Botas, a Turkish company, said that officials from Iran's NIGC and Turkey's Botas met in Tehran to discuss issues of collaboration between the two firms.

Botas, in its initial public statement about talks to extend the agreement with Iran, said that the two companies had discussed the long-term supplies of natural gas from Iran and Turkmenistan to Turkey, as well as the transportation of Turkmenistan's gas via Iran.

Alparslan Bayraktar, the Energy Minister of Turkmenistan, said previously that Turkey could buy up to two billion cubic meters of gas from Turkmenistan per year via Iran's gas network.

Botas has signed a 10-year LNG supply agreement with France’s TotalEnergies, on top of previous LNG agreements with Oman and Shell. Can Sezer is the reporter, Huseyin Haatsever is the writer, and Nick Zieminski is the editor.

(source: Reuters)