Turkey’s Botas pens gas supply deal with Hungary’s MVM

Turkey’s state-owned natural gas and LNG firm, Botas, has signed a natural gas supply deal with Hungarian energy company MVM.

MVM agreed to buy 275 million cubic meters of natural gas from Botas as part of Hungary’s plans to boost energy independence, it said in a statement.

Botas said in a separate statement that it will start natural gas deliveries to the Hungarian firm in 2024.

“The parties also agreed on the development of cooperation on the use of our country’s strong LNG infrastructure and the natural gas storage facilities,” it said.

With this agreement, Botas will also make a “significant contribution” to the energy supply security of Europe, it said.

Botas added that this is the first time that it will export gas through pipelines to a European country that does not share a border with Turkey.

Earlier this year, Bulgaria’s Bulgargaz received its first LNG cargo as part of a deal it signed with Botas.

US LNG exporter Cheniere delivered the first cargo under the Botas deal to the latter’s Marmara Ereglisi onshore terminal in Turkey.

Besides this onshore terminal, Botas operates operates the FSRU-based Dortyol facility and the FSRU-based Saros terminal.

MVM could also use these facilities in the future to import LNG, including from Qatar.

Hungary is working with Qatar on an LNG supply deal, starting in 2027, Hungarian Foreign Minister Peter Szijjarto recently said.

MFGK Croatia, a unit of MVM, already has regasification capacities at the FSRU-based Krk LNG terminal in Croatia.

Most Popular

Golar chairman says FLNG industry set for ‘massive’ growth

Golar LNG will continue to expand its fleet of floating LNG production units in an industry set for "massive" growth, according to Golar LNG's chairman, Tor Olav Trøim.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Energy Transfer, Kyushu Electric ink long-term Lake Charles LNG deal

Energy Transfer, the developer of the proposed Lake Charles LNG export facility in Louisiana, has signed a long-term supply deal with Japan's Kyushu Electric Power.

More News Like This

Botas, EGAS ink FSRU charter deal

Egypt's EGAS has signed a charter deal with Turkiye's Botas to deploy one of Turkiye's operational floating storage and regasification units in Egypt.

Report: Egypt to deploy Turkish FSRU

Egypt has signed a deal to deploy one of Turkiye's operational floating storage and regasification units at Egypt’s Ain Sokhna port to cover LNG demand in June-November, according to a report by Kpler.

Botas launches tender for fourth Marmara LNG tank

The Marmara Ereglisi LNG terminal is Turkey's first LNG facility and has been in operation since 1994. It currently has...

TotalEnergies, Botas pen long-term LNG supply deal

Türkiye’s Energy Minister Alparslan Bayraktar announced the deal on Wednesday. The two firms signed the agreement during the Gastech event...