BOTAŞ, the state-owned Turkish corporation responsible for oil and gas trading and infrastructure, and Mercuria, one of the world’s largest independent integrated energy and commodities groups, signed an LNG purchase and sale agreement.
The agreement was attended by Alparslan Bayraktar, the Republic of Türkiye’s Minister of Energy and Natural Resources, during his visit to the United States for the 80th Session of the United Nations General Assembly, Abdulvahit Fidan, BOTAŞ Chairman and General Manager, and Daniel Jaeggi, president and co-founder of Mercuria.
Under the agreement, BOTAŞ will receive 4 billion cubic meters of natural gas equivalent of LNG per year—mainly during the winter season—both at U.S. loading ports (FOB) and at regasification terminals located in Türkiye, Europe, and North Africa (DES). Deliveries are expected to start in 2026 and continue until the end of 2045.
Speaking on the agreement, Minister Bayraktar said: “Today, we have signed a milestone agreement which will be in place for the upcoming 20 years to deliver US-sourced LNG. We firmly believe that a partnership with Mercuria under such an agreement will enable BOTAŞ to form a significant presence in the global LNG scene. The agreement will also greatly contribute to achieving 100 billion USD of trade volume with the United States.”
Along with recent infrastructure investments and other concluded agreements, the deal is expected to reinforce Türkiye’s long-term energy supply and price security on the LNG side. In addition, the agreement signed with Mercuria will support BOTAŞ’s strategy of becoming a significant player in international LNG trade.
