Türkiye’s Boru Hatları ile Petrol Taşıma A.Ş. (BOTAŞ) and Woodside have finalised a Heads of Agreement (HOA) for the supply of liquefied natural gas (LNG). Under the deal, Woodside will provide BOTAŞ with around 5.8 billion cubic metres of natural gas equivalent over a period of up to nine years, beginning in 2030. The LNG will be sourced primarily from the Louisiana LNG project.
The agreement was exchanged by Abdulvahit Fidan, Chairman and General Manager of BOTAŞ, and Daniel Kalms, Chief Operating Officer International at Woodside. The ceremony took place in the presence of Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources, during his visit to the United States for the 80th Session of the United Nations General Assembly.
Minister Bayraktar commented: “We are observing the signing of an agreement between a Turkish company and Woodside for the supply of LNG, primarily from Louisiana LNG in the United States, which establishes a connection across continents. We believe this will be the beginning of a successful relationship between BOTAŞ and Woodside. The companies have already expressed their intention to expand the relationship beyond a proposed LNG sales agreement and build a strategic cooperation in the wider region, and we fully support this vision.”
Daniel Kalms also welcomed the signing. “This is a landmark Heads of Agreement between Woodside and BOTAS as it is the inaugural long-term LNG supply arrangement between our companies. More importantly, it stands as a testament to BOTAS’s confidence in the Louisiana LNG project, the US LNG sector and Woodside’s reputation for reliability and operational excellence. This agreement also strengthens the Turkish-US relationship and paves the way for building a larger strategic relationship with BOTAS that supports energy security and economic growth for Türkiye and the United States. Woodside appreciates the strong support from the Turkish and United States governments to help advance this agreement,” he said.
The supply deal remains subject to the conclusion of a binding sales and purchase agreement.