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Türkiye is evaluating investment in U.S. gas projects and may sign new agreements with major American oil companies soon, Energy and Natural Resources Minister Alparslan Bayraktar said.
Speaking at the World LNG Summit in Istanbul, Bayraktar said Türkiye expects to receive around 1,500 LNG cargoes from the United States over the next 10–15 years.
He said Türkiye is considering upstream investments in the U.S. market “to preserve our position in gas supply and create a full value chain.”
Bayraktar said the Turkish Petroleum Corporation (TPAO) has been in discussions with major U.S. energy companies, including Chevron and ExxonMobil, for potential partnerships in upstream assets.
He added that some agreements could be announced as early as next month.
The minister also said U.S.-based Westinghouse, together with South Korea’s KEPCO, could take part in Türkiye’s planned second nuclear power plant in Sinop.
He noted that Ankara is evaluating the possibility of inviting additional investors to the project.
Bayraktar confirmed that Türkiye’s long-term natural gas import contracts with Russia, set to expire at the end of this year, will be extended for one year.
The agreement was completed between Gazprom and BOTAS. “Gazprom will continue to supply next year, but we are focusing more on short-term, one-year agreements,” he said.
He also stated that talks are ongoing to renew Türkiye’s long-term gas import contract with Iran, which expires in July, and to increase the volume of Turkmen gas delivered via swap arrangements through Iran.
Bayraktar said Türkiye will add two new LNG storage and regasification vessels to its current fleet of three.
One of the new ships will be located in Hatay’s Dortyol district.
He recalled that Türkiye leased a floating storage and regasification unit (FSRU) vessel to Egypt under a recent agreement and indicated that a similar arrangement with Morocco could be discussed in the near future.
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