Argent LNG inks MoU with Botas

Under the MoU, Botas and Argent LNG will establish a framework for the delivery of US-origin LNG into TUrkiye, with onward transmission of gas into neighboring markets, according to a statement by Argent LNG on Monday.

Argent LNG did not provide further details regarding the agreement.

“The logic is straightforward: US LNG is abundant, competitive, and geopolitically neutral. Turkiye’s existing and expanding gas infrastructure, pipelines, LNG terminals, and storage capacity, makes it the natural hub through which that supply can flow to the nations that need it most,” Argent LNG said.

Jonathan Bass, chairman and CEO of Argent LNG said the the company was built to “serve exactly this kind of partnership, long-term, strategic, geopolitical and grounded in a genuine commitment to the energy security of entire regions, not just individual buyers.”

“Botas is the right partner to make that real,” he said.

Last year, Argent LNG signed a strategic cooperation agreement with EPIAS, Turkiye’s gas and electricity exchange.

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 Argent LNG.

In addition, the company signed a non-binding heads of agreement with the government of Bangladesh for up to 5 mtpa of long-term US LNG supply.

In March, Argent LNG submitted an application to the US DOE seeking long-term authorization to export LNG to both FTA and non-FTA countries from the planned LNG export terminal in Port Fourchon.

The application requests authorization to export up to 1,293.75 billion cubic feet per year (Bcf/yr) of natural gas, equivalent to approximately 25 million tonnes per annum (mtpa) of LNG.