Turkey’s state-owned energy company Botas and British oil giant Shell will sign a long-term liquefied natural gas (LNG) deal on Monday, the Energy Ministry said.
The ministry explained that Turkish Energy Minister Alparslan Bayraktar will meet today in Ankara with Wael Sawan, CEO of Shell, and will deliver a statement following the meeting in addition to signing a long-term agreement for liquefied natural gas between Botas and Shell.
The ministry has not provided any additional details about the agreement yet.
Botas signed a 10-year LNG deal with ExxonMobil last May, under which it will buy up to 2.5 million tons of natural gas annually from the US company.
Turkey relies heavily on imported gas to meet its energy needs, importing 14.3 billion cubic meters of liquefied natural gas last year, representing 28.3% of its total consumption of 50.5 billion cubic meters.
Turkey has the flexibility to meet a large part of its national consumption by using LNG instead of pipeline gas if needed, with the potential to gasify about 0.16 billion cubic meters of LNG per day.
