Botas pens LNG deal with TotalEnergies
Turkish energy company Botas has signed an LNG deal with France’s TotalEnergies, Turkish energy minister Alparslan Bayraktar announced on September 18 via X (formerly Twitter).
The 10-year agreement, signed during Gastech 2024 in Houston, involves Botas purchasing 1.1mn tonnes/year (or 16 LNG cargoes/year), with deliveries set to begin in 2027.
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“Our long-term LNG agreements are of great importance in ensuring the security of energy supply for both our country and our region, increasing our resource diversity and providing flexibility in our energy supply,” he said.
Botas has secured several LNG agreements in recent months. In May, it inked a deal with US energy giant ExxonMobil to buy 2.5mn tonnes of LNG/year. Earlier this month, the company also signed a 10-year agreement with Shell, under which Shell International Trading Middle East will begin supplying LNG in 2027. Turkey is diversifying its gas resources intending to become a significant regional gas hub.
"This agreement enables us to secure long-term sales and reduce our exposure to spot market gas price fluctuations,” said Gregory Joffroy, senior vice president of LNG at TotalEnergies, in a separate statement.