ANKARA, Sept 2 (Reuters) - Turkish state energy company
Botas and British oil major Shell will sign a long-term
LNG agreement on Monday, the Turkish Energy Ministry said.
It said Energy Minister Alparslan Bayraktar would meet with
Shell Chief Executive Wael Sawan in Ankara on Monday, after
which the minister will make a statement and a long-term LNG
deal will be signed between Botas and Shell.
No further details on the deal were immediately available.
Botas signed a 10-year LNG agreement with ExxonMobil ( XOM )
in May, under which Botas will purchase up to 2.5 million tons
of LNG per year from the U.S. company.
Turkey meets almost all of its consumption needs with
imported gas and brought in 14.3 billion cubic metres (bcm), or
28.3% of the 50.5 bcm that it consumed last year, in the form of
LNG.
Turkey has the supply flexibility to a large part of
national consumption needs with liquefied gas instead of
pipeline gas if needed, with a gasification capacity of
approximately 0.16 bcm LNG per day, according to Reuters
calculations.