Oil and Gas

Turkey to increase its yearly LNG imports from Algeria in 2019

Thursday, 13 September 2018 15:18
Turkey to increase its yearly LNG imports from Algeria in 2019

(Ecofin Agency) - As of 2019, Botas, the Turkish company specialized in LNG imports will increase the volume of its yearly LNG imports from Algeria which is from 4.4 billion m 3 to 5.4 billion m3.

Indeed, last Tuesday, the Turkish news agency Anatolia informed that Botas and Sonatrach, Algeria’s public oil company, amended their 2014 gas contract to increase the yearly volume to 5.4 billion m3. This new contract will come into effect in 2019 and expire on October 1, 2024, Ahmed Mazigh, Sonatrach’s vice president explained.

In an interview granted to Natural Gas World, the official said that this new contract falls at the right time because, for two years now, Botas has been buying additional supplies on an ad-hoc basis.

Turkey is increasingly relying on LNG imports to meet its energy demand. It started buying gas in Algeria in 1994.  

Olivier de Souza

 
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