Tuesday, March 21 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Oman signs agreement to supply LNG to Turkey from 2025

    February 2, 2023 - MarketLine


      Turkish petroleum pipeline corporation BOTAS signed a liquified natural gas (LNG) supply agreement with state-owned Oman LNG on 30 January.

      Under the agreement, Oman will supply Turkey with one million tonnes (mt) of LNG annually by 2025. Botas' statement said that the deal would aim to increase energy security and diversify Turkey's supply sources.

      Turkey's Energy and Natural Resources Minister Fatih Donmez said the country could extend the deal if needed.

      Until the Russian invasion of Ukraine, Turkey heavily depended on Russia for its gas. Since then, many pipelines have stopped supplying, citing Western sanctions. Turkey relies on natural gas as its main source of energy for electricity generation. At the same time, 80% of the country's population depends on gas domestically. The country experiences peak demand during the summer, when the use of air-conditioners rises. This has pushed the country to look for alternative sources before then.

      Hamed Al Naamany, chief executive of Oman LNG, said that its term-sheet agreement with Turkey could help develop the company's position in the global energy market. Towards the end of December, the company signed binding agreements with three Japanese firms for LNG supply from 2025. Oman LNG will supply a total volume of 2.35 mt annually, varying from five to ten years in contract length.

      In January, the company signed deals with Thailand's PTT Global LNG and French energy firm TotalEnergies, for a total volume of 1.6mt annually from 2025. Oman LNG also signed a deal with Shell International Trading Middle East for an offtake of 0.8mt annually for ten years from 2025.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.