Turkey signs LNG supply deal with Woodside Energy

Australia’s Woodside Energy has signed a liquefied natural gas (LNG) supply agreement with the state-backed Turkish Petroleum Pipeline Corporation (Botas).

Woodside will deliver nearly 5.8 billion cubic metres of natural gas equivalent, or 0.5 million tonnes per annum (mtpa) of LNG, for up to nine years starting in 2030, it said in a statement.

The companies signed a non-binding heads of agreement in September.

As part of the deal, Woodside will supply LNG from its under-construction Louisiana LNG project in the US, supplemented by LNG from its broader portfolio.

No financial details were disclosed.

Woodside’s Louisiana LNG complex was the first US LNG project to receive the financial go-ahead after US president Donald Trump returned to office in January, according to Reuters.

The project received final approval in April and expects to deliver its first shipment in 2029.

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“This supply agreement with Botas is a milestone for Woodside, given it is our first long-term LNG supply arrangement with the Turkish market,” said executive vice-president and chief commercial officer Mark Abbotsford.

This month Italian energy company Eni signed a 10-year LNG deal with Botas to supply 0.4 mtpa of LNG.

In September, Botas signed a 20-year LNG supply deal for 70 billion cubic metres (bcm) of natural gas, or 4 bcm per year, with commodity trader Mercuria.