Turkey and Qatar signed an agreement on gas supplies

gas

During his visit to Qatar, the Turkish president Tayyip Erdogan signed an agreement between the company BOTAS and the National Oil Company of Qatar. The agreement opens up long-term perspective for the import of liquefied natural gas from Qatar to Turkey.

On Wednesday the Turkish company BOTAS and the national oil company of Qatar signed a preliminary memorandum of understanding for the long term supply of gas to Turkey, reports the Anadolu agency.

The agreement that was signed by the Turkish president Tayyip Erdogan during a visit to Qatar opens the long term relationship for the import of liquefied natural gas (LNG) from Qatar to Turkey. Previously, these imports were based on short-term agreements between the two countries.

The parties have started preparing the text of the main contract. It was reported that it will contain the amount and timing of deliveries of LNG from Qatar to Turkey, and will be signed in the near future.

In 2014, Turkey imported 47.6 billion cubic meters of gas. It is expected that in 2015 imports will rise due to increasing consumption, as the country’s economic develops.

The share of Russian gas in the Turkish import is about 60%. Gas to Turkey is also imported by Iran, Azerbaijan, Algeria and Nigeria. In 2014, “Gazprom” exported 27.4 billion cubic meters of gas to Turkey.

Source: RIA