Wedoany.com Report-Sept. 11, Turkey has secured a series of liquefied natural gas (LNG) supply agreements with international energy companies, covering approximately 15 billion cubic metres (bcm) of gas for the 2026–2028 period. Energy Minister Alparslan Bayraktar announced the deals on Wednesday during the Gastech 2025 conference in Milan, highlighting their role in strengthening the country’s medium-term energy portfolio.

The logo of Houston-based liquefied natural gas company Cheniere seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.

The agreements were signed by Turkey’s state energy company BOTAS with eight suppliers over two days. Initial contracts with BP (BP.L), ENI (ENI.MI), and Shell (SHEL.L) accounted for 8.7 bcm. On Wednesday, BOTAS expanded its commitments by finalizing five additional contracts with companies from the United Kingdom, the United States, Germany, Japan, and Norway.

Among the newly signed contracts, UK-based Hartree will deliver 600 million cubic metres over two years, while U.S. LNG producer Cheniere (LNG.N) will provide 1.2 bcm within one year. Germany’s SEFE agreed to supply 1.8 bcm across three years. Japan’s JERA will deliver 600 million cubic metres under a one-year contract, and Norway’s Equinor (EQNR.OL) will supply 1.5 bcm over three years. These contracts add diversity to Turkey’s sourcing strategy by combining short- and medium-term supply commitments.

In 2024, Turkey imported about 50 bcm of natural gas, including 14.3 bcm in LNG form. The newly announced contracts, which amount to a sizable portion of the country’s annual consumption, are expected to support energy security, particularly during peak seasonal demand. Minister Bayraktar emphasized that the agreements align with Turkey’s strategy to develop a flexible, multi-sourced, and reliable energy system. He added that the contracts will contribute to predictability in the country’s gas planning for the medium term.

Industry observers view the deals as part of Turkey’s broader effort to balance long-term pipeline imports with more adaptable LNG arrangements. By diversifying supply sources, Turkey aims to reduce risks associated with market fluctuations while ensuring stable access to fuel for electricity generation and industrial use.

The agreements also reflect the growing role of LNG in meeting Turkey’s energy requirements. As the country continues to expand its infrastructure for LNG storage and regasification, contracts with leading global suppliers provide greater flexibility in responding to changing demand and seasonal consumption patterns.

At the Gastech 2025 conference, Turkey’s presence underscored its active engagement in international energy markets. With a combination of contracts from European, American, and Asian companies, the agreements highlight the country’s intent to broaden its partnerships while reinforcing security of supply.

Bayraktar summarized the government’s position by noting that the deals mark progress toward building a more diversified and stable energy mix, supporting both short-term needs and medium-term planning. By locking in 15 bcm of LNG between 2026 and 2028, Turkey strengthens its ability to manage domestic consumption and ensure consistent gas availability.