Woodside Energy inks nine-year supply deal with Turkey's BOTAŞ

The news: Oil giant Woodside Energy has signed a nine-year sale and purchase deal with Turkey's state gas importer BOTAŞ for the supply of liquified natural gas (LNG).

The numbers: Under the agreement, Woodside will supply BOTAŞ with around 5.8 billion cubic metres of natural gas equivalent, or 0.5 million tonnes of LNG per year, for a period of up to nine years, starting in 2030.

The context: LNG will be supplied primarily from the under-construction Louisiana LNG project in the US, as well as from Woodside's broader portfolio.

What they said: "This supply agreement with BOTAŞ represents a strategic milestone for Woodside given it is our first long-term LNG supply arrangement with the Turkish market," said Woodside executive vice president and chief commercial officer Mark Abbotsford.