Minister of Energy and Natural Resources Bayraktar ⁇ We are creating a Turkish blend with the mixing of different sources. We are in a position to present this mixture to Avrupa ⁇ .
Turkey continues to take steps to expand its natural gas supply range. A new one has been added to the agreements previously signed with 3 global companies. BOTAŞ and TotalEnergies signed a 10-year LNG agreement during the US contacts of Alparslan Bayraktar ⁇ , Minister of Energy and Natural Resources. With the agreement, Total will supply 16 LNG cargoes of approximately 1.6 billion cubic meters each year from 2027. BOTAŞ will be able to receive some of the LNG ⁇ from the filling ports in the USA and some of the LNG ⁇ from the Turkish and European terminals.
Making a statement after the signing ceremony, Energy and Natural Resources Minister Alparslan Bayraktar stated that Turkey ⁇ is the 4 ⁇ largest natural gas market in Europe with a consumption of 50-55 billion cubic meters and ⁇ We are creating a Turkish Blend by mixing gases from different sources in Turkey ⁇ . We are able to offer this mixture to customers in Europe, especially to countries in need of gas in South East Europe.
THE GOAL IS TO BE A NATURAL GAS CENTER
Turkey, which can store natural gas from different sources with its strong infrastructure, is making strategic moves in line with its goal of becoming a natural gas center. On the margins of Gastech 2024 Fair and Conference held in Houston, USA, an agreement was signed between TotalEnergies, a global energy company, and BOTAŞ. While Minister Bayraktar accompanied the agreement, BOTAŞ General Manager Abdulvahit Fidan and TotalEnergies LNG Senior Vice President Gregory Joffroy signed the agreement.
THE SUPPLY PORTFOLIO IS DIFFERENT
According to the agreement; TotalEnergies will supply 16 LNG cargoes of approximately 1.6 billion cubic meters each year from 2027. BOTAŞ will be able to receive some of the LNG ⁇ from the filling ports in the USA and some of the LNG ⁇ from the Turkish and European terminals. With the agreement, Turkey's natural gas supply portfolio will be diversified. With these and similar agreements, BOTAŞ will gain additional operational and commercial capabilities and become stronger in the global market.
LONG-TERM AGREEMENTS
CLOSE TO 10 YEARS
Bayraktar noted that the agreement with Total covers 10 years and includes the delivery of 16 cargoes of approximately 1.6 billion cubic meters of LNG to Türkiye ⁇ every year for 10 years starting from ⁇ 2027. So when you look at the sum of 16 billion cubic meters of a deal. ⁇ he said.
80 BILLION METERS CAPACITY
Stating that Turkey has become able to receive the gas above its needs with its existing infrastructure, Bayraktar said that Turkey's entry capacity is able to easily meet approximately 80 billion cubic meters with the production at Sakarya Gas Field, international pipeline projects and LNG infrastructure.
WE WILL EXPORT THE ROOM TO EUROPE
Bayraktar, Turkey ⁇ Considering that it is the 4th largest natural gas market in Europe with its consumption of 50-55 billion cubic meters, emphasizing that it can export the remaining amount to Europe ⁇ We are creating a Turkish Blend by mixing gases from different sources in ⁇ Turkey ⁇ . We are able to offer this mixture to customers in Europe, especially to countries in need of gas in South East Europe. We currently export this gas to Bulgaria ⁇ a, Romania ⁇ a, Hungary ⁇ a. I hope that we will do this in larger quantities as BOTAS as Turkey. ⁇ said.
THERE MAY BE NEW AGREEMENTS
Bayraktar, who explained that they have created a gas portfolio by evaluating whoever proposes more competitive, cheaper and more flexible contract terms under any favorable conditions, ⁇ Of course, there may be such agreements that may be new. We will continue to work to supply gas to our country from the cheapest source under the most competitive conditions. ⁇
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