Turkiye has signed an agreement to supply by sea nearly 1.4 billion cubic meters of natural gas per year from Oman

Turkiye has signed an agreement for the purchase of liquefied natural gas with Oman which will have a horizon of 10 years the Minister of Energy and Natural Resources of our southern neighbor Fatih Dönmez. A delegation from Turkiye’s state-owned energy company Botash visited Oman for the deal, which will see Turkiye buy 1.4 billion cubic meters (equivalent to about 1 million tonnes of liquefied natural gas) of gas from Oman annually, Dönmez said at an event in Istanbul .

The agreement with the Arab state also includes the possibility to be extended further if necessary, Dönmez also said 

At a time when the world, especially Europe, is suffering from gas supply problems, Turkey is taking all steps to become a gas trading hub. More importantly, we will become a more active player in the regional gas trade, especially in the Balkans, in line with the goal of our gas hub

Fatih Dönmez, Minister of Energy and Natural Resources

The first step, he said has been made with Bulgaria in this context, as there is already an agreement with Bulgaria for about 1.5 billion cubic meters of gas by 2035 which corresponds to 30 percent of the country’s annual gas consumption . The agreement between the Bulgarian state gas company Bulgargaz and Botash, signed earlier this month will give Bulgaria access to Turkey’s gas network and LNG terminals, Daily Sabah recalls.

Apart from Bulgaria, we are carrying out similar processes with North Macedonia, Romania and Moldova

Dönmez added.

Meanwhile, Turkey is expected to begin pumping the natural gas it discovered in the Black Sea into the national grid by the end of March. The discovered deposits at this moment are for 710 billion cubic meters, the market value of which is about 1 trillion dollars.

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