Botas

Türkiye is expected to sign another long-term liquefied natural gas (LNG) supply agreement this week during Energy Minister Alparslan Bayraktar's visit to the U.S.

Bayraktar is scheduled to attend the Gastech Exhibition and Conference in Houston, Texas, which will take place between Sept. 17-19.

Turkish state energy company Botaş has signed a 10-year LNG supply agreement with Shell, with deliveries set to begin in 2027.

"Under this agreement, approximately 4 billion cubic meters of LNG will be delivered annually, totaling 40 billion cubic meters over the contract period," Energy Minister Alparslan Bayraktar said.

Turkey is set to export natural gas to Bulgaria under a new brand called "Turkish Blend", which will include a mixture of gas from various sources. This gas is also intended to pass through Bulgaria to reach Central European countries such as Hungary and Slovakia.

This morning, the European Prosecutor's Office gained access to the gas operator "Bulgartransgaz" with the assistance of local police, as reported by bTV. The European Commission has declined to comment on the ongoing investigation, and the exact number of participants remains undisclosed.

An informal agreement was reached on the possibility of Bulgargaz offering for transfer part of the rights under its agreement with Turkish energy company BOTAS ,signed on January 3, 2023, said caretaker Energy Minister Vladimir Malinov during a hearing in Parliament.

Petroleum Pipeline Corporation (BOTAŞ) and Russian energy company Gazprom will set up a joint company, Energy Minister Alparslan Bayraktar has said.

Natural gas and nuclear energy have become two major issues for Türkiye in recent years, Bayraktar said, who attended the St. Petersburg International Economy Forum in Russia.

During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million. This decision stems from the termination of gas supplies to Bulgaria by the Russian company in 2022.

Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas." The contract, negotiated by the caretaker government, has raised concerns about its financial implications and the utilization of resources.

"Bulgartransgaz" and Turkey's gas transmission system operator, "Botas," have officially signed an Agreement for the interconnection of the Strandja - Malkoçlar point, marking a key milestone in fostering the diversification of natural gas sources.

Türkiye is set to initiate three additional drilling operations aimed at bolstering the nation's energy self-sufficiency following significant oil discovery in the southeast region, Energy and Natural Resources Minister Alparslan Bayraktar has unveiled.