Turkey's Botas buying 4 Bm3y of LNG from Shell in 10-year deal
Turkish state energy company Botas and British oil major Shell have signed a 10-year LNG agreement, the Turkish Energy Minister Alparslan Bayraktar said.
"A total of 40 LNG cargoes of approximately 4 Bm3 will be delivered annually for a period covering 10 years starting from 2027," Bayraktar said. "This agreement ... provides additional regional and global trade opportunities with the options of receiving (LNG) from the filling port and unloading to European terminals."
Speaking in the ceremony, Bayraktar said the deal has strengthened Turkey's prospects of becoming a natural gas center and its role in playing a part in Europe's supply security.
Botas signed a 10-year LNG agreement with ExxonMobil in May, under which Botas will purchase up to 2.5 MMtpy of LNG from the U.S. company.
Turkey meets almost all of its consumption needs with imported gas and brought in 14.3 Bm3 or 28.3% of the 50.5 Bm3 that it consumed last year in the form of LNG.
Turkey has the supply flexibility to a large part of national consumption needs with liquefied gas instead of pipeline gas if needed, with a gasification capacity of approximately 0.16 Bm3d, according to calculations.
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