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Türkiye locks $43 bn LNG imports from US

Government of Turkiye says it has concluded a $43 billion deals with traders that would deliver liquefied natural gas (LNG) from the United States to further diversify for the European nation.

During President Recep Tayyip Erdogan’s U.S. visit, Türkiye’s state-run natural gas and oil pipeline company BOTAS signed two LNG import agreements with Swiss energy trader Mercuria and Australian firm Woodside Energy, covering natural gas sourced in the U.S.

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The deal with Mercuria involves a total supply of nearly 70 billion cubic meters, with 4 billion cubic meters delivered annually through the end of 2045, while the agreement with Woodside Energy covers 5.8 billion cubic meters starting in 2030 and lasting nine years.

Türkiye’s Energy and Natural Resources Minister Alparslan Bayraktar confirmed that shipments from the deals are scheduled from 2027 to 2045 to ease the country’s energy supply pressure.

“Wherever energy exists, we must find it and bring it home. We need energy, and we must obtain it from somewhere. Where do we get it? From a reliable source. And most importantly, from wherever it is cheapest,” Bayraktar said.

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Bayraktar noted that pipeline gas continues to arrive from Russia, Iran, and Azerbaijan, with additional supplies now secured from Turkmenistan.

The U.S. LNG deal will diversify this mix further, alongside Türkiye’s own production, he added.

He underlined that while domestic discoveries have reduced the need for imports, Türkiye will continue to balance local production with foreign supply to meet rising demand.

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