BOTAS and Shell International Trading Middle East Fze have signed a ten-year agreement through which Shell will supply BOTAS with up to 4 billion cubic metres of liquefied natural gas (LNG) a year from its US and global portfolio, with deliveries starting in 2027.The deal will enable BOTAS to expand its LNG access and use its extensive terminal and pipeline infrastructure to help Turkey to diversify its gas resources and become a major regional gas hub.
Minister Bayraktar says: ‘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. The LNG supply agreement signed with Shell will increase the diversity and flexibility of our portfolio. We are also pleased that BOTAS will acquire new capabilities in the field of LNG transport via ships by receiving the LNG at the loading port within the scope of the agreement.’
As a leading LNG supplier, Shell plans to grow its LNG business by 20-30% by 2030, compared with 2022, strongly positioning the company to deliver value as they move towards becoming a net-zero emissions energy business by 2050.
