Cheniere clinches Botas LNG supply deal

Turkiye’s state-owned natural gas and LNG firm Botas has signed a deal to buy liquefied natural gas from US LNG exporting giant Cheniere. Botas also signed deals with SEFE, Equinor, and Jera.

Turkey’s Energy Minister Alparslan Bayraktar said via his social media channels that the deal was signed on Wednesday during the Gastech exhibition and conference, currently being held in Milan, Italy.

Under the agreement, Cheniere will supply 1.2 billion cubic meters of LNG to Botas.

“This partnership will increase portfolio diversity within the framework of our medium-term LNG strategy, while also contributing to the development of new market-oriented, flexible, and trade-focused business models,” Bayraktar said.

In addition, he said in a separate post that Botas signed a three-year agreement with Germany’s SEFE.

“This agreement, covering a total LNG supply of 1.8 billion cubic meters, will enable us to evaluate commercial opportunities alongside our goal of establishing a sustainable and robust infrastructure for natural gas supply,” Bayraktar.

Bayraktar also announced that Botas signed a supply agreement with Norway’s Equinor, covering a total of 1.5 billion cubic meters of LNG supply over a period of three years.

Moreover, Botas will buy 600 million cubic meters of LNG from Japan’s Jera.

Under the agreements signed by Botas with eight different companies, Turkiye will purchase a total of approximately 15 billion cubic meters of LNG over a three-year period starting this winter, Bayraktar said.

These agreements follow three supply deals Botas signed with BP, Shell, and Eni during Gastech on Tuesday.

Under the agreement with BP, approximately 1.6 billion cbm of LNG per year, totaling 4.8 billion cbm, will be delivered to Turkiye.

The deal with Shell is also for approximately 1.6 billion cubic meters of LNG per year, while the deal with Eni is for 500 million cubic meters of LNG per year.

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