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/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
Watlow expands facility in Malaysia
Watlow accelerates growth in Malaysia with expanded facility and long-term commitment to southeast Asia’s industrial development.
