Shell International Trading Middle East Fze (Shell) and Türkiye’s Boru Hatları ile Petrol Taşıma AŞ (BOTAŞ) signed a 10-year agreement through which Shell will supply BOTAŞ with up to 4 billion cu m/year (bcmy) of LNG a year from its US and global portfolio, with deliveries starting in 2027.
The deal will enable BOTAŞ to expand its LNG access and use its terminal and pipeline infrastructure to help Türkiye to diversify its gas resources and become a regional gas hub, the companies said in a release Sept. 2.
“Our goal in natural gas, 99% of which we imported until the discovery of Black Sea Gas, is to diversify the supply side and offer natural gas to our citizens and industry in a more competitive and affordable rate. In this context, we have strengthened our infrastructure with international pipelines, LNG terminals and underground storage projects,” said Alparslan Bayraktar, the Republic of Türkiye’s Minister of Energy and Natural Resources.
Shell said it plans to grow its LNG business by 20-30% by 2030, compared with 2022.