Oman signs ten-year gas supply deal with Turkey

Oman signs ten-year gas supply deal with Turkey

Oman LNG has signed a long-term agreement with Turkey’s BOTAS Petroleum Pipeline Corporation to supply 1mn metric tonnes of liquefied natural gas (LNG) every year for ten years.

As per the binding term-sheet agreement signed with BOTAS, Oman LNG will start supplying gas to Turkey in 2025.

The agreement helps strengthen its partnerships with international firms in the energy and LNG industry, Oman LNG said in a press statement issued on Monday.

The agreement was signed by Hamed al Naamany, CEO of Oman LNG, and Burhan Ozcan, chairman of BOTAS, in Muscat in the presence of H E Salim al Aufi, Minister of Energy and Minerals.

Speaking after the signing ceremony, Naamany said, “Signing this term-sheet agreement with BOTAS supports our efforts to further develop our position in the global energy and LNG industry and explore new markets with key industry partners. This step complements our commitment to add value to the local economy through growth and collaborations with international partners such as BOTAS.”

Quoting Turkey’s Energy and Natural Resources Minister Fatih Donmez, Turkey’s official Anandolu Agency on Monday reported that the country will receive 1.4bn m3 of gas from Oman annually under the new ten-year contract.

“The new gas purchase agreement with Oman also includes