Boru Hatları ile Petrol Taşıma AŞ (BOTAŞ), Türkiye’s state-owned energy company, has signed long-term liquefied natural gas (LNG) supply agreements with global energy giants Mercuria and Woodside Energy. The historic deals were finalized in New York during President Recep Tayyip Erdoğan’s diplomatic engagements at the United Nations General Assembly.
According to the Turkish Ministry of Energy and Natural Resources, the LNG supply agreement between BOTAŞ and Mercuria, one of the world’s largest independent integrated energy and commodities groups, was signed at the Türkevi (Turkish House) in New York by BOTAŞ General Manager Abdulvahit Fidan and Mercuria President Daniel Jaeggi.
Energy Minister Alparslan Bayraktar highlighted that the agreement will enable Turkey to secure U.S.-sourced LNG supply for the next 20 years, amounting to nearly 70 billion cubic meters (bcm) of natural gas equivalent. Deliveries will begin in 2026 and continue until the end of 2045, with an average of 4 bcm per year, primarily during the winter months. Cargoes will be loaded at U.S. terminals and delivered to regasification facilities in Turkey, Europe, and North Africa.
Bayraktar emphasized the strategic importance of the deal:
“This agreement will not only strengthen BOTAŞ’s position in the global LNG market but also make a significant contribution to achieving the $100 billion trade volume target between Turkey and the United States.”
In addition, BOTAŞ signed a preliminary long-term LNG agreement with Woodside Energy, a leading Australian energy company. Under the deal, starting from 2030, BOTAŞ will receive 5.8 bcm of LNG over nine years, primarily sourced from the Louisiana LNG Project.
Minister Bayraktar underlined that this marks the beginning of a strong partnership:
“We are witnessing the signing of a landmark agreement that builds intercontinental energy bridges. BOTAŞ and Woodside have already expressed their intention to expand cooperation beyond LNG sales, aiming for a broader strategic partnership in the wider region.”
With these agreements, Turkey is reinforcing its role as a key natural gas hub, ensuring long-term energy security while strengthening ties with the United States and Australia in the global LNG market.
Source: AA