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Volume of LNG imported by Turkey from ExxonMobil by end of 2025
3
Resolution / Starting Odds
Less than 1 million tonnes • 25%
1 to 2 million tonnes • 25%
2 to 3 million tonnes • 25%
More than 3 million tonnes • 25%
Annual trade and energy reports from the Turkish government
Story
Turkey Negotiates $1.1 Billion LNG Deal with ExxonMobil to Reduce Russian Energy Dependence
Apr 28, 2024, 11:00 AM
Turkey is currently in negotiations with ExxonMobil regarding a significant liquefied natural gas (LNG) deal valued at approximately $1.1 billion. The deal involves the purchase of 2.5 million tonnes of LNG, which would account for about 7% of Turkey's annual natural gas consumption. This strategic move is aimed at reducing Turkey's reliance on Russian energy sources. The potential agreement, which could span a decade, was confirmed by Turkish Energy Minister Bayraktar.
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Less than 1.9 million tons • 25%
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