Woodside finalizes nine-year LNG supply deal with BOTAS from 2030, strengthening Türkiye–US energy ties and long-term gas security.
Woodside Energy has formally concluded a long-term liquefied natural gas supply agreement with Türkiye’s state-owned pipeline and energy transportation company, Boru Hatlari ile Petrol Tasima A.S. (BOTAS), marking a significant development in the global LNG market and in bilateral energy cooperation between Türkiye and the United States. The agreement establishes a binding framework for LNG deliveries over an extended period and reflects both companies’ strategic commitment to long-term energy security.
Under the terms of the sale and purchase agreement (SPA), Woodside Energy will supply BOTAS with approximately 5.8 billion cubic meters of natural gas equivalent. This volume translates to around 0.5 million tonnes of LNG per year and will be delivered over a period of up to nine years, beginning in 2030. The long-term nature of the contract underscores the growing importance of reliable LNG supply arrangements amid global energy transitions and shifting geopolitical dynamics.
The finalized agreement represents the successful conversion of a non-binding Heads of Agreement (HOA) that the two companies initially signed in September into a legally binding commitment. This transition from preliminary discussions to a firm contractual arrangement demonstrates the mutual confidence between Woodside and BOTAS and highlights their shared ambition to expand cooperation across the entire LNG value chain, from production to delivery.
Most of the LNG supplied under this agreement is expected to be sourced from the under-construction Louisiana LNG project in the United States, with additional flexibility provided through Woodside’s diversified global LNG portfolio. This sourcing strategy reflects Woodside’s ability to leverage multiple assets to ensure dependable supply while supporting the growing role of the United States as a major LNG exporter.
Commenting on the agreement, Woodside Executive Vice President and Chief Commercial Officer Mark Abbotsford described the deal as a strategic milestone for the company. He emphasized that this is Woodside’s first long-term LNG supply agreement with the Turkish market, marking an important step in the company’s international expansion strategy. Abbotsford noted that the agreement showcases the strength, flexibility, and global reach of Woodside’s LNG portfolio and reinforces its capability to meet long-term customer needs across diverse markets.
Woodside also acknowledged the constructive role played by both the Turkish and United States governments in supporting the agreement, particularly following the announcement of the HOA earlier in the year. Their involvement reflects the broader geopolitical and economic significance of the deal, which aligns with shared objectives around energy security, economic cooperation, and stable cross-border energy trade.
Beyond commercial considerations, the agreement highlights the strengthening relationship between Türkiye and the United States in the energy sector. It also creates a foundation for Woodside to develop a broader strategic partnership with BOTAS, potentially opening opportunities for future collaboration. Overall, the LNG supply agreement is positioned to support long-term energy reliability for Türkiye while contributing to economic growth and energy integration between the participating countries.
