SEATTLE (Oil Monster): A long-term LNG purchase and sale agreement has been inked by Mercuria, the world's largest integrated energy and commodities organization, and BOTAS, the state-owned pipeline and trading corporation for natural gas and crude oil in Turkey. The 20-year deal, which runs from 2026 to 2045, will cover the supply of almost 4 billion cubic meters of gas annually.
The Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, BOTAS Chairman and General Manager Abdulvahit Fidan, and Mercuria President and Co-Founder Daniel Jaeggi were present at the signing-in ceremony.
Deliveries from U.S. loading ports will be made to regasification terminals in North Africa, Europe, and Turkey, primarily during the winter.
Speaking on the accord, Minister Bayraktar stated that the historic LNG pact would supply LNG from the United States. BOTAS will be able to establish a major position in the global LNG market thanks to the relationship with Mercuria. According to him, the deal will also play a significant role in reaching a trade volume of US$100 billion with the United States.
Additionally, in order to receive roughly 5.8 billion cubic meters of LNG over nine years starting in 2030, primarily from the Louisiana LNG Project, BOTAS and Woodside, Australia, signed a preliminary long-term LNG deal.
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