US EditionTurkey Secures U.S. LNG Through 2045 in Landmark Deal
Turkey's 20-year LNG deal with Mercuria secures about 70 billion cubic meters of U.S. supply from 2026, supporting energy diversification and regional gas hub ambitions.
- On Tuesday, BOTAS signed a 20-year LNG supply agreement with Mercuria covering about 70 billion cubic meters in New York during President Recep Tayyip Erdogan's U.N. visit.
- Faced with heavy reliance on Russian pipeline supplies, Ankara moved to diversify as BOTAS signed deals totaling more than 15 bcm earlier this month ahead of expiring 16 billion cubic metres of Russian contracts.
- Deliveries are scheduled to begin in 2026 and run to 2045, supplying BOTAS 4 billion m3/y mainly in winter with FOB and DES delivery terms; the contract’s value exceeds $43 billion with about $2.1 billion annually.
- Bayraktar said `This agreement will significantly contribute to the $100 billion trade volume target with the U.S` and officials argue it supports BOTAS's international trading ambitions.
- The European Union plans to ban Russian LNG imports by 2026, as BOTAS signs a 9-year, 5.8 bcm deal with Woodside, amid warnings of a supply glut next year.
14 Articles
14 Articles
The New Arab
Kathimerini English EditionTurkey signs 20-year deal with Mercuria to buy US gas
Turkey has signed a 20-year deal with trading company Mercuria to buy U.S. liquefied natural gas, Energy Minister Alparslan Bayraktar said on Wednesday, as U.S. President Donald Trump pushes for Europe to halt Russian energy purchases. The deal comes ahead of Turkish President Tayyip Erdogan's meeting with Trump on Thursday. Russia is Turkey's largest supplier of gas imports, although Ankara has diversified in recent years. The new deal is one o…
The supply of gas under this contract will begin as early as 2026.
Turkey Secures U.S. LNG Through 2045 in Landmark Deal
Turkey’s state energy company, BOTAS, has signed a landmark 20-year U.S. LNG supply agreement with Mercuria, anchoring Ankara’s strategy to reduce dependency on pipeline gas and reposition itself as a regional hub, according to the Daily Sabah. The deal, signed in New York during President Erdogan’s U.N. visit, will deliver around 4 billion cubic meters annually from 2026 onward, cumulatively totaling about 70 bcm. A separate preliminary nine-…
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