{"id":80775,"date":"2024-09-03T00:00:00","date_gmt":"2024-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/03\/turkey-and-shell-ink-10-year-lng-supply-agreement-for-4-bcm-annually\/"},"modified":"2024-09-03T00:00:00","modified_gmt":"2024-09-03T00:00:00","slug":"turkey-and-shell-ink-10-year-lng-supply-agreement-for-4-bcm-annually","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/03\/turkey-and-shell-ink-10-year-lng-supply-agreement-for-4-bcm-annually\/","title":{"rendered":"Turkey and Shell ink 10-year LNG supply agreement for 4 bcm annually"},"content":{"rendered":"

Turkey + <\/strong>Shell<\/strong> sign LNG supply agreement: <\/strong>British gas giant Shell has inked a 10-year LNG agreement with Turkey\u2019s Botas Petroleum Pipeline<\/a>Corporation<\/a> (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<\/a>. The financial details of the agreement were not disclosed.<\/p>\n

In numbers: <\/strong>The agreement will account for around 8% of the country\u2019s total gas demand in 2023, <\/span>Bloomberg<\/a> 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, <\/span>Reuters<\/a> added.<\/span><\/p>\n

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

Positioning exports: <\/strong>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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shell will see Botas some 5 bn cubic meters of gas per year starting 2027<\/p>\n","protected":false},"author":1,"featured_media":80776,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[227,32,231],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-lng","tag-trade","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"a14f40b4-f527-447d-9666-6de656f50ccd","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1877.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Turkey and Shell ink 10-year LNG supply agreement for 4 bcm annually","related_issue":[80770],"teaser":"Shell will see Botas some 5 bn cubic meters of gas per year starting 2027","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.f65606e0-d4bc-42df-a049-cd91ba756832.mp3"},"yoast_head":"\nTurkey and Shell ink 10-year LNG supply agreement for 4 bcm annually - 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