Woodside and Turkey’s BOTAŞ sign 9-year LNG supply agreement
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The news: Woodside has signed an LNG supply heads of agreement to supply BOTAŞ, which is Turkey’s state-owned oil and natural gas pipeline operator and trading company.
The numbers: Under the agreement, which is subject to entering a further binding sales and purchase agreement, Woodside will supply BOTAŞ about 5.8 billion cubic metres of natural gas equivalent of LNG for up to nine years starting from 2030.
The context: LNG will primarily be supplied from Woodside’s Louisiana LNG project.
The agreement was exchanged between BOTAŞ chair and general manager Abdulvahit Fidan and Woodside chief operating officer international Daniel Kalms.
It was witnessed by Turkey’s Minister of Energy and Natural Resources Alparslan Bayraktar as a part of his trip to the US for the 80th session of the United Nations General Assembly.
What they said: “We believe this will be the beginning of a successful relationship between BOTAŞ and Woodside,” Minister Bayraktar said.
“The companies have already expressed their intention to expand the relationship beyond a proposed LNG sales agreement and build a strategic cooperation in the wider region, and we fully support this vision.”
Kalms said: “This is a landmark Heads of Agreement between Woodside and BOTAS as it is the inaugural long-term LNG supply arrangement between our companies”.
The source: Woodside media release
