BOTAŞ

Hungary is confident it will not be impacted by the impending halt in natural gas transit through Ukraine, thanks to the TurkStream pipeline, Hungarian Foreign Minister Peter Szijjarto has stated.

The agreement on natural gas transit via Ukraine is set to expire at the beginning of the new year, raising supply concerns for European countries reliant on Russian energy.

A delegation of ambassadors and charges-de-camp from Egypt, Jordan, Iraq, Qatar, Kuwait, Lebanon, Morocco, Sudan, Tunisia and Saudi Arabia visited the liquefied natural gas terminal at Alexandroupoli - a floating regasification and storage unit, or FSRU - last week.

The natural gas InterConnector Greece-Bulgaria (ICGB) announced this week the signing of an interconnection agreement with Greece's natural gas Transmission System Operator (DESFA) at the interconnection point (IP) located in Komotini in the north of the country.

US interest in utilizing Alexandroupoli as a key liquefied natural gas (LNG) transportation hub in the Central and Southeast Europe region is highlighted by the agreement American company Venture Global announced to book 25% of the capacity to the new floating storage and regasification unit (FSRU).

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.

The shares of 12 companies held by the Treasury have been transferred to the Türkiye Wealth Fund (TVF), according to a presidential decree published in the Official Gazette on Aug. 20.

Among those companies whose shares were transferred are stock exchange-listed Koza Altın, Koza Anadolu Metal and İpek Doğal Enerji.

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.

Türkiye and Turkmenistan aim to have an annual gas trade volume of 15 billion cubic meters (bcm) in the next 20 years, amounting to 300 bcm, the Turkish Energy and Natural Resources Ministry has said.

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.