Energy Turkey extends LNG deal with Algeria for three years By Reuters November 22, 2023, 5:07 AM Reuters/Issei Kato Turkey will continue to acquire 4.4 billion cubic metres of LNG from Algeria annually Turkish state energy company Botas has signed a deal with Algerian state oil and gas company Sonatrach to extend their existing gas supply contract for three years, Turkey’s energy minister said on Tuesday. Under the deal signed during an official visit to Algiers by Turkish President Tayyip Erdogan, Turkey will continue to acquire 4.4 billion cubic metres (bcm) of liquefied natural gas (LNG) from Algeria annually, Alparslan Bayraktar said in a statement posted on social media platform X. Botas and Sonatrach first signed a gas supply contract in 1988, and it has been extended since then. The existing contract was due to expire in October next year, and it was extended until 2027, the Turkish energy ministry said. Turkey, which has little oil and gas, is highly dependent on imports from Russia, Azerbaijan and Iran, as well as LNG from Algeria, Qatar, the United States and Nigeria. Ankara is also developing a 710 bcm natural gas field in the Black Sea for production. Turkey will continue to acquire 4.4 billion cubic metres (bcm) of liquefied natural gas (LNG) from Algeria annually, Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
