Newsletters
Türkiye’s state energy company BOTAS and British energy giant BP have signed a liquefied natural gas (LNG) supply agreement valid for three years, Energy and Natural Resources Minister Alparslan Bayraktar announced on Tuesday.
Bayraktar said the deal foresees annual deliveries of around 1.6 billion cubic meters (bcm), amounting to a total of 4.8 bcm over the contract period.
He noted that the partnership is expected to strengthen supply security during the winter months, increase diversification of sources, and enhance commercial flexibility.
Speaking at the Gastech 2025 Forum in Milan, Bayraktar underlined Türkiye’s rapidly rising energy needs.
He stated that electricity consumption currently stands at about 350 terawatt-hours annually and is projected to reach 1,000 terawatt-hours within the next 30 years.
The minister pointed to the country’s domestic production efforts, recalling a large natural gas discovery in the Black Sea five years ago.
"We are now producing gas from this field, which supplies four million households in Türkiye," he said.
“We need more gas, so we are boosting production in the Black Sea and also looking into other projects with our partners in Central Asia, Africa, and the Middle East."
Bayraktar highlighted ongoing investments in gas infrastructure.
"By 2030, our goal is to store 12 billion cubic meters of gas, which equals 20% of our annual demand," he stated.
"At the same time, we have expanded our regasification capacity fivefold in the past seven to eight years. This allows us not only to secure our own supply but also to deliver substantial volumes of gas to European markets," Bayraktar added.
Türkiye's liquefied natural gas (LNG) imports surged 39.5% in the first half of 2025 from a year earlier, reaching 9.48 billion standard cubic meters on the back of soaring household demand and making up 32% of total natural gas imports.
1 min read
2 min read
