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Turkiye’s Energy Minister Alparslan Bayraktar announced the signing of the sales and purchase deal via his social media on Wednesday.
The deal was signed in New York.
He said that natural gas trade and LNG would be a “key” topic in the meeting between Turkiye’s President Recep Tayyip Erdogan and US President Donald Trump at the White House.
Under the agreement, which is set to commence in 2026, Botas will receive 4 billion cubic meters of natural gas equivalent of LNG per year, totaling around 70 billion cubic meters, from liquefaction terminals in the US, as well as from regasification plants in Turkiye, Europe, and North Africa, Bayraktar stated.
This agreement will also support Turkiye’s vision of long-term supply security, price stability, and source diversity, he said.
Mercuria also confirmed the signing of the deal in a separate statement, saying that the volumes will be mainly delivered during the winter season, both at US loading ports (FOB) and at regasification terminals located in Turkiye, Europe, and North Africa (DES).
The company cited Bayraktar as saying that the agreement will enable Botas to form a “significant” presence in the global LNG scene, and will also “greatly contribute to achieving 100 billion USD of trade volume with the US.”
Woodside deal
In addition to this contract, Bayraktar announced in a separate social media post that Botas has signed another contract in New York.
He said that Botas signed a preliminary agreement with Australia’s Woodside for a long-term LNG supply that will begin in 2030 and last for nine years.
The agreement covers the supply of approximately 5.8 billion cubic meters natural gas equivalent of LNG, primarily from Woodside’s Louisiana LNG project, Bayraktar said.
Woodside said in a separate statement later on Wednesday that the two firms signed a “landmark” heads of agreement.
The supply arrangement remains subject to the parties entering a binding sales and purchase agreement, it said.
Recent LNG deals
Earlier this month, Botas signed deals with eight different companies to buy approximately 15 billion cubic meters of LNG over a three-year period starting this winter.
The firms include US LNG exporting giant Cheniere, as well as SEFE, Equinor, Jera, BP, Shell, and Eni.
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.