BOTAŞ and Shell Sign Long Term LNG Supply Contract!
Türkiye's Petroleum Pipeline Corporation (BOTAŞ) and Shell International Trading Middle East (Shell) have signed a long-term supply agreement through which Shell will provide BOTAŞ with up to approximately 4 billion cubic meters of liquefied natural gas (LNG) a year from its global portfolio, with deliveries starting in 2027.
BOTAŞ and Shell Sign Long Term LNG Supply Contract!
Energy news from Türkiye
Türkiye’s Petroleum Pipeline Corporation (BOTAŞ) and Shell International Trading Middle East (Shell) have signed a long-term supply agreement through which Shell will provide BOTAŞ with up to approximately 4 billion cubic meters of liquefied natural gas (LNG) a year from its global portfolio, with deliveries starting in 2027.
The agreement was signed by Abdulvahit FİDAN, BOTAŞ Chairman and General Manager, and Tom SUMMERS, Senior Vice President of Shell LNG Marketing and Trading, during a ceremony under the auspices of Alparslan BAYRAKTAR, the Republic of Türkiye’s Minister of Energy and Natural Resources, and with the participation of Shell CEO Wael Sawan.
The deal will enable BOTAŞ to expand its LNG capacity and use its extensive terminal and pipeline infrastructure to assist Türkiye to diversify its gas resources and become a major regional gas hub.
Minister BAYRAKTAR said: “Our goal in natural gas, 99% of which we imported until the discovery of Black Sea Gas, is to diversify the supply side and offer natural gas to our citizens and industry in a more competitive and affordable rate. In this context, we have strengthened our infrastructure with international pipelines, LNG terminals and underground storage projects.”
The LNG supply agreement signed with Shell today will increase the diversity and flexibility of our portfolio. We are also pleased that BOTAŞ will acquire new capabilities in the field of LNG transport via ships by receiving the LNG at the loading port within the scope of the agreement.
Such agreements make significant contributions to the supply security of not only our country but also the region.
Wael Sawan, Chief Executive Officer of Shell, said: “Building on 100 years of Shell’s presence in Türkiye, we are delighted to work with BOTAS and supply LNG to assist Türkiye diversify its national gas supply. LNG offers a flexible and reliable source of energy and around the world it has a vital role to play in the transition to a lower carbon energy system.”
(energy news from Türkiye - enerji ekonomisi)