TotalEnergies signs long term LNG agreement with BOTAS
Published by Emilie Grant,
Editorial Assistant
Hydrocarbon Engineering,
In line with its strategy to grow its long-term LNG sales, TotalEnergies has announced the signing of a Heads of Agreement (HoA) with BOTAS for the delivery of 1.1 million tpy of LNG, for ten years, starting from 2027.
This agreement allows TotalEnergies to strengthen a long-term presence in the Turkish LNG market. Natural gas plays a crucial role as a transition energy, addressing the intermittency of renewable energy sources and reducing emissions by replacing coal in electricity generation.
Gregory Joffroy, Senior Vice President, LNG at TotalEnergies, said: “We are pleased to initiate a new long-term collaboration with BOTAS, a key partner for the company in Turkey. This agreement enables us to secure long-term sales and reduce our exposure to spot market gas price fluctuations.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/18092024/totalenergies-signs-long-term-lng-agreement-with-botas/
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