BOTAS, Exxon Mobil sign new agreement on LNG

Energy and Natural Resources Minister Alparslan Bayraktar announced that BOTAS and ExxonMobil have signed a new agreement to purchase cost-effective Liquefied Natural Gas (LNG) from the United States.

Bayraktar also said that discussions have been held regarding joint efforts with the U.S. on small modular reactors in the nuclear field.

‘8% of Türkiye’s needs’

“In the past, we had long-term LNG contracts with Nigeria, and we still have them with Algeria for over 20 years. Now we are adding America to this. We are including it. The agreement signed by BOTAS today with the U.S. is different from our past collaborations.”

“It demonstrates cooperation in long-term gas supply agreements. Therefore, it is essential to diversify Türkiye’s gas supply. I hope that, as of today, the agreement we are discussing can meet about 8% of Türkiye’s current needs.”

Bayraktar also mentioned that significant efforts are underway in large nuclear reactor projects and that there is an opportunity for cooperation with the U.S. on small modular reactors that facilitate energy transformation in the industry.

“They are very interested in Türkiye,” Bayraktar stated.

“We are also seeking cooperation on small modular reactors. There are competent U.S. companies in this regard, and they are very interested in Türkiye,” he added.

Having also met with his American counterpart, Bayraktar mentioned that they have taken an essential step toward the “Energy and Climate Dialogue” program between the two countries.

“We held the first meeting here. Perhaps we will organize the next meeting in Türkiye. But as I said there, we also aim to involve the private sector in this program,” Minister Alparslan Bayraktar added.

Source: Newsroom

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