Turkey + Shell sign LNG supply agreement: British gas giant Shell has inked a 10-year LNG agreement with Turkey’s Botas Petroleum PipelineCorporation (Botas) to supply the country with 4 bn cubic meters (bcm) of gas a year from its US and global portfolio starting 2027, according to statement. The financial details of the agreement were not disclosed.

In numbers: The agreement will account for around 8% of the country’s total gas demand in 2023, Bloomberg reports, citing data from the national energy regulator. Turkey relies heavily on imported gas to meet its consumption needs and imported 14.3 bn cubic meters of LNG, which accounted for 28.3% of the 50.5 bcm it used last year, Reuters added.

Turkey is on a roll: Botas signed a 10-year supply agreement with Exxon last May to purchase up to 2.5 mn tons of LNG annually from the US supplier.

Positioning exports: The new supply agreements hints at Turkey positioning itself as a hub for EU LNG supply, Bloomberg writes. The country already supplies small volumes to the block and typically acquires pipeline gas from Russia, Azerbaijan, and Iran.

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