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Australian energy company Woodside and Türkiye's state pipeline operator BOTAS have signed a long-term liquefied natural gas (LNG) supply agreement for 0.5 million tonnes per annum over a period of up to nine years starting in 2030.
Under the agreement, announced on Monday, Dec. 29, Woodside will supply BOTAS approximately 5.8 billion cubic meters of natural gas equivalent.
The milestone marks the successful conversion of the non-binding Heads of Agreement (HOA) signed in September this year into a binding commitment, as Türkiye continues to diversify its natural gas supply sources and advance its position as a regional energy hub.
LNG will be supplied primarily from the under-construction Woodside Louisiana LNG (LALNG) project in the United States, as well as from Woodside's broader portfolio.
Woodside Executive Vice President and Chief Commercial Officer Mark Abbotsford said the agreement represents a "strategic milestone" for the company, saying, "This supply agreement with BOTAS represents a strategic milestone for Woodside given it is our first long-term LNG supply arrangement with the Turkish market."
"It is yet another demonstration of the strength and flexibility of Woodside's diversified portfolio and ability to deliver on our global ambitions," Abbotsford added.
Woodside said the agreement reflects the strengthened Turkish-U.S. relationship and paves the way for the company to build a larger strategic relationship with BOTAS, noting: "Woodside also appreciates the support shown by the Turkish and United States governments following the announcement of the HOA earlier this year."
The company said the deal supports energy security and economic growth for both Türkiye and the United States.
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