Botas pens three-year LNG supply deals with BP, Shell, and Eni

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

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

“This cooperation is particularly important in terms of ensuring supply security, increasing source diversity, and strengthening commercial flexibility, especially during the winter months,” Bayraktar noted.

He stated in separate posts that the deal with LNG giant 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.

In addition to these supply deals, Botas and PetroChina International signed a cooperation agreement to collaborate in LNG trade, while Botas also signed a cooperation agreement with LNG producer Oman LNG.

Last year, Botas signed long-term LNG supply deals with France’s TotalEnergies and Shell.

The deal with TotalEnergies is for 10 years and will start in 2017.

Under the contract, Botas will receive 16 LNG cargoes or up to 1.6 billion cubic meters per year from TotalEnergies.

The sales and purchase agreement with Shell is also for 10 years.

Under this deal, Botas will receive 40 LNG cargoes per year, or up to 4 billion cubic meters of LNG.

The agreement includes an option for Botas to receive the shipments at European terminals, outside Turkiye.

Shell’s LNG supplies will come from its US and global portfolio. The supplies will start in 2027.

Botas said at the time the deal will enable the company to expand its LNG capacity and use its terminal and pipeline infrastructure to assist Turkiye to diversify its gas resources and become a major regional gas hub.