Turkey to buy gas from US - Signs 20-year deal with Mercuria
Turkey has signed a 20-year deal with trading company Mercuria to buy American liquefied natural gas, as US President Donald Trump urges Europe to stop buying Russian energy.
Russia is Turkey's largest supplier of natural gas, although Ankara has diversified in recent years. The new deal is one of several it has secured this month ahead of the expiration of gas import agreements with Russia of at least 16 billion cubic meters this year.
The European Union plans to ban Russian LNG imports into the bloc by the end of 2026 under its latest package of sanctions against Moscow, as Trump pushes it to play a stronger role in helping end Russia's war in Ukraine. Turkey has yet to agree to new supply deals with Russia.
State-owned energy company BOTAS signed the latest deal in New York during Erdogan's visit, agreeing to supply 4 billion cubic meters of LNG to Turkey annually from 2026, with a total supply of around 70 billion cubic meters projected.
Supplies will be secured from loading terminals in the US and regasification plants in Turkey, Europe and North Africa.
"This agreement will significantly contribute to the $100 billion trade volume target with the US," official sources said, adding that the agreement aimed to increase security of supply and diversify Turkey's energy sources.
BOTAS also signed a preliminary long-term LNG agreement with Woodside Energy, Australia's leading gas producer, a statement from Turkey's Energy Ministry said.
This agreement foresees the supply of approximately 5.8 billion cubic meters of LNG to BOTAS for nine years, starting in 2030, mainly from the Woodside LNG project in Louisiana.
Russia supplied 40% of Turkey's gas imports of 52 billion cubic meters last year. The US was Turkey's fifth-largest supplier, just behind Algeria, providing 10% of imports.
The energy deals come as Turkey seeks to improve ties with Washington. On Monday, Ankara said it had lifted retaliatory tariffs imposed in 2018 on a wide range of American imports, including passenger cars and fruit. The decision was seen as a goodwill gesture ahead of Erdogan's meeting with Trump.
BOTAS is responsible for Turkey's oil and gas infrastructure and gas trading. Mercuria is one of the largest energy and commodities groups in the world.
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