Turkey is in talks with Exxon for LNG delivery
April 29, 2024
Turkey is negotiating a long-term LNG supply agreement with ExxonMobil to reduce its dependency on Russia. The potential deal involves 2.5 million tons of LNG annually for a decade, with an estimated yearly cost of nearly $1.1 billion. As a country with strong ties to Russia, Turkey is building a new supplier portfolio for its gas needs. Turkey has gas procurement contracts with several countries, including the United States. The goal is to diversify gas supply to address energy prices and ensure supply security.
