The Turkish state energy company Boots signed an agreement last month with Shell to import an annual volume of 4,000 million cubic meters of Liquefied Natural Gas (LNG) for 10 years starting in 2027.
The agreement was signed in Ankara by the general director of BOTA, Abdulvahit Fidanand Shell’s senior vice president of LNG marketing and trading, Tom Summersunder the watchful eye of Alparslan BayraktarTurkish Energy Minister. The figures were not disclosed.
As reported by the Turkish agency Anadolubefore the signing and at a press conference, Minister Bayraktar recalled that The cooperation between Türkiye and Shell already has almost a century of history and stressed the importance of diversify natural gas sources to offer energy at more competitive prices and strengthen the country’s energy infrastructure.
In addition, the Turkish official announced that the new agreement will also promote collaboration in other energy fields, although he did not give more details.
The agreement was signed Boru Hatlar ile Petrol Tama A (Boots) with Shell International Trading Middle East Fze.
Türkiye’s LNG strategy: Europe and the Mediterranean
Inspenet assured that this agreement It will allow Turkey to consolidate itself as a key player in the region’s energy market, and opens the possibility of selling gas to Europe.
According to the specialized site, the infrastructure of terminals liquefied natural gas and pipelines from Botas, together with the flexible supply provided by Shell, will strengthen Türkiye’s ability to export gas to the Old Continent.
“This move is part of Türkiye’s strategy to become a gas hub in Europe and the Mediterranean,” the experts stated.
Türkiye consumes about 50 billion cubic meters of gas per year, which represents a quarter of its total energy consumption.
Its largest suppliers are Russia, Azerbaijan and Iran, with which the country is connected by gas pipelines, while a third of its imports arrive by sea in the form of LNG, mainly from Algeria and Nigeria.
Shell seeks to increase LNG business up to 30%
Wael SawanCEO of Shell, highlighted that LNG is a reliable and key energy source in the transition towards an energy system with fewer carbon emissions.
In this framework, Shell hopes increase its LNG business by 20%-30% by 2030, and this agreement with Botas is part of that strategy.
Source: Ambito
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