The Turkish energy minister Fatih Donmez said that Türkiye will negotiate a new gas agreement with Oman in an effort to diversify Ankara’s gas suppliers.
The Minister stated at a meeting in Istanbul that “we will purchase 1.4 billion cubic meters of gas annually and our agreement will be valid for 10 years.”
Read more: New discoveries to raise Oman’s oil output by up to 100,000 bpd
Turkey is taking all the necessary steps to become a gas trade hub at a time when the world, particularly Europe, is experiencing challenges with the supply of gas, according to the Minister.
Executives from Turkey’s state-owned oil and trading company, BOTAŞ, are in Oman, he said, to increase commerce in natural gas between the two nations.
The minister added that if the circumstances are favorable, the agreement may be extended.
Meanwhile, Donmez announced that Turkey and Bulgaria had signed a 13-year agreement for the transmission of up to 1.5 billion cubic meters of natural gas per year.
Additionally, the minister noted that, in addition to Bulgaria, Turkey has signed similar agreements with North Macedonia, Romania, and Moldova.
“We will bring together European consumer nations and suppliers from the Middle East, the Mediterranean, the Caspian, and Central Asia in the Istanbul Gas Summit, which will take place on February 14 and 15 in Istanbul,” Donmez said, noting that the move will connect Asian gas to Europe via Türkiye.
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