Shell International Trading Middle East Fze and Türkiye’s Boru Hatları ile Petrol Taşıma AŞ have entered into a ten-year agreement under which Shell will supply BOTAŞ with up to 4 billion cubic metres of liquefied natural gas annually from its US and global portfolio, starting in 2027.
The agreement was signed by Abdulvahit Fidan, chairman and general manager of BOTAŞ, and Tom Summers, senior vice president of Shell LNG marketing and trading, during a ceremony attended by Alparslan Bayraktar, Türkiye’s minister of energy and natural resources, and Shell CEO Wael Sawan.
The deal will enable BOTAŞ to enhance its LNG access and leverage its extensive terminal and pipeline infrastructure, supporting Türkiye’s goal of diversifying its gas resources and establishing itself as a major regional gas hub.
Minister Bayraktar commented on the agreement, stating, “Our goal in natural gas, 99 percent of which we imported until the discovery of Black Sea Gas, is to diversify the supply side and offer natural gas to our citizens and industry at a more competitive and affordable rate. In this context, we have strengthened our infrastructure with international pipelines, LNG terminals, and underground storage projects. The LNG supply agreement signed with Shell today will increase the diversity and flexibility of our portfolio. We are also pleased that BOTAŞ will acquire new capabilities in LNG transport via ships by receiving LNG at the loading port within the scope of the agreement. Such agreements make significant contributions to the supply security of not only our country but also the region.”
Wael Sawan, CEO of Shell, added, “Building on 100 years of Shell in Türkiye, we are pleased to work with BOTAŞ and supply LNG as it diversifies Türkiye’s sources of natural gas. LNG offers a flexible and reliable source of energy and has a vital role to play in the transition to a lower carbon energy system.”
As a leading global LNG supplier, Shell aims to grow its LNG business by 20-30 percent by 2030 compared with 2022 levels, positioning the company strongly to deliver value as it progresses towards becoming a net-zero emissions energy business by 2050.
The partnership between Shell and BOTAŞ underscores the ongoing efforts to enhance energy security and promote sustainable energy solutions in Türkiye and the surrounding region.
For more information visit www.shell.com
