This story requires a subscription
This includes a single user license.
The agreement establishes a framework for long-term collaboration that will leverage Argent LNG’s US export capacity and EPIAS’s role as Turkiye’s central energy trading platform, according to a statement sent to LNG Prime.
The deal was signed on Tuesday during the Gastech exhibition and conference, currently being held in Milan, Italy.
Together, the parties aim to facilitate “competitive, transparent, and secure access to US LNG for countries seeking to diversify supply and enhance energy security.”
According to Argent LNG, this cooperation is designed to help bridge Southeast and Central Europe with US LNG, reinforcing regional energy transition, resilience, and security goals.
By using Turkiye as a key entry point and trading hub, the initiative positions US LNG as a “long-term pillar of European supply diversification.”
The initiative envisions phased delivery of US LNG through existing and planned pipelines, including the Trans-Balkan, TAP, IGB, BRUA, and IAP corridors, reaching markets such as Bulgaria, Romania, Ukraine, Greece, the Balkans, and Central Europe.
“This strategic cooperation agreement represents a milestone in connecting U.S. LNG with Europe’s most dynamic regional marketplace,” said Jonathan Bass, chairman and CEO of Argent LNG.
“By committing 5 MTPA of U.S. LNG and working with EPIAS, we are building a transparent, scalable, and secure framework that will help governments and industry alike meet their energy needs while advancing stability and resilience,” he said.
Second deal
This is a second deal for Argent LNG related to LNG supplies from its proposed facility.
Earlier this year, Argent LNG signed a non-binding heads of agreement with the government of Bangladesh to supply the country with LNG.
Under the HoA, Argent will supply state-owned Petrobanga with 5 million metric tons of LNG for 20 years, according to the firm.
Argent LNG’s facility will have an initial capacity of up to 12 mtpa, with an estimated cost of about $10 billion.
There is a potential to expand the facility to up to 25 mtpa of LNG.
The company plans to use Honeywell’s pretreatment solutions.
In addition, Argent LNG selected Baker Hughes as the liquefaction solution and related services provider for the planned LNG export terminal in Port Fourchon, and it selected LNG equipment maker Chart Industries to supply its mid-scale modular liquefaction solution.