Turkey's Botas and US Exxonmobil Ink Strategic LNG Agreement
05.13.2024 By Tank Terminals - NEWS

May 13, 2024 [Storage Terminals Magazine]- Minister of Energy and Natural Resources Alparslan Bayraktar recently participated in a strategic signing ceremony during his visit to the United States. The ceremony, held in Washington, marked the signing of a cooperation agreement between BOTAŞ and the US energy giant ExxonMobil. Under this agreement, Turkey aims to import up to 2.5 million tonnes of LNG annually for the next decade.

 

Expressing his thoughts on the agreement via social media, minister Bayraktar underscored its significance in diversifying Turkey’s energy resources. He highlighted the nation’s robust re-gasification capacity, positioning Turkey as a key player in the global energy landscape.

During his visit, minister Bayraktar engaged in discussions with various stakeholders, including members of the Caspian Policy Centre board of directors and Senator Joe Manchin, chairman of the Energy and Natural Resources Committee. These discussions aimed to bolster energy relations between Turkey and the US.

Furthermore, minister Bayraktar met with US secretary of energy, Jennifer Granholm, to launch the Energy and Climate Dialogue Programme between the two nations. This programme seeks to facilitate ongoing discussions and collaboration on energy and climate-related matters, with both public and private sector representatives participating.

Additionally, minister Bayraktar held talks with Romanian minister of foreign affairs, Luminita Odobescu, to explore opportunities for cooperation in natural gas trade and renewable energy projects between Turkey and Romania. These discussions underscored the commitment of both nations to strengthen bilateral ties and advance mutual interests in the energy sector.

 

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