Energy
Turkey Boosts Gas Hub Aim With TotalEnergies LNG Deal
- String of new supply deals set to diversify Turkish supply mix
- The latest contract adds to Botas’s gas trading portfolio
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Turkey signed a 10-year liquefied natural gas supply agreement with France’s TotalEnergies SE with the option to redirect cargoes to Europe, the second such deal this month as the country accelerates its bid to become a regional hub for the fuel.
The deal for 1.6 billion cubic meters per year starts in 2027, with state-run gas company Botas able to receive some cargoes directly at US ports and others at terminals in Turkey and Europe, according to a statement.