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Turkey and Shell Sign 10-Year LNG Deal for 4 Billion Cubic Meters Annually from 2027
Sep 2, 2024, 07:43 AM
Turkey has signed a significant 10-year LNG supply agreement with Shell, marking a strategic move in its ambition to become a regional energy hub. The deal, which will commence in 2027, involves the supply of 4 billion cubic meters of LNG annually, accounting for approximately 8% of Turkey's total demand. Additionally, the contract includes provisions for the gas to be transported to European terminals, enhancing Turkey's role in the European energy market. This agreement is part of Turkey's broader strategy to strengthen its energy sector and increase its influence in the regional and global energy landscape.
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