financetom
Business
financetom
/
Business
/
Turkey's Botas, Shell to sign long-term LNG deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Turkey's Botas, Shell to sign long-term LNG deal
Sep 2, 2024 1:45 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Wood Mackenzie sees challenges meeting gas power demand over next 15 years
Wood Mackenzie sees challenges meeting gas power demand over next 15 years
May 26, 2025
(Reuters) -The gas turbine market might have trouble satisfying strong demand in the next 15 years due to manufacturing constraints, rising costs and competition from renewables, energy research firm Wood Mackenzie said in a report on Wednesday. Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the...
--TowneBank Raises Quarterly Dividend to $0.27 from $0.25 a Share, Payable July 11 to Holders of Record as of June 27
--TowneBank Raises Quarterly Dividend to $0.27 from $0.25 a Share, Payable July 11 to Holders of Record as of June 27
May 26, 2025
02:38 PM EDT, 05/14/2025 (MT Newswires) -- Price: 34.80, Change: -0.08, Percent Change: -0.23 ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
What's Going On With Newegg Shares Wednesday?
What's Going On With Newegg Shares Wednesday?
May 26, 2025
Newegg Commerce, Inc. ( NEGG ) shares are trading higher Wednesday. The company Tuesday announced the launch of AMD's EPYC 4005 Series server processors, available exclusively through Newegg and Newegg Business. The Details: Newegg is offering the EPYC 4005 Series as a North American retail exclusive. The company described the new processors as “advanced, server-validated, and energy-efficient CPUs built for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved