Turkey and TotalEnergies join forces for a sustainable energy future

Turkey strengthens its position in the energy market by signing a 10-year agreement with TotalEnergies for the import of liquefied natural gas. This initiative aims to diversify supplies and become a regional hub for Europe.

Partagez:

Turkey strengthens its export capacity and diversifies its supplies thanks to a 10-year agreement with TotalEnergies for liquefied natural gas (LNG).
The agreement, signed between state-owned Botas and the French energy giant, marks a significant step in Turkey’s strategy to become a regional gas re-exporter.
Indeed, this contract is one of a series of long-term agreements that Turkey has concluded this year with non-state-owned companies, consolidating its position in the energy market.
The agreement provides for the delivery of 1.1 million tonnes of LNG per year from 2027.
Adding pipeline imports and previous LNG contracts with companies such as Oman, ExxonMobil and Shell, Turkey now has 25 billion cubic meters (bcm) of surplus gas, exceeding its annual consumption of 50 bcm.
Alparslan Bayraktar, Turkey’s Minister of Energy, points out that this surplus capacity enables Turkey to meet the needs of European markets, particularly those in southeastern Europe, which are looking for new sources of supply.

Flexibility and improved negotiation

This gives Turkey greater flexibility to negotiate better import conditions and reduce its dependence on Russia and Iran.
Contracts with Gazprom Export and the National Iranian Gas Company are due to expire in 2025 and 2026, prompting Turkey to diversify its sources of supply.
According to Brenda Shaffer, energy expert at the US Naval Postgraduate School, “Turkey has two objectives in its gas import strategy: on the one hand, to reduce import volumes from Russia and Iran, and on the other, to position itself as a gas supply hub, especially as European buyers have not signed enough long-term contracts.”
For TotalEnergies, this agreement reinforces a long-term relationship with Botas, following an initial LNG contract to supply 1.2 mtpa from 2020 to 2023.
Gregory Joffroy, Senior Vice President, LNG at TotalEnergies, says, “This agreement allows us to secure long-term sales and reduce our exposure to gas price fluctuations on the spot market.”
This is in line with Total’s strategy to develop integrated gas and power activities in growing markets.

Fast-growing energy demand

Turkey experienced the strongest growth in energy demand of all OECD countries between 2000 and 2020, with primary energy consumption almost doubling and electricity demand increasing by 165%, according to the International Energy Agency.
This dynamic energy growth underscores Turkey’s strategic importance in the global energy landscape.
Last year, TotalEnergies acquired a 50% stake in Ronesans Enerji, owned by Turkish tycoon Erman Ilicak, which has 166 MW of hydroelectric assets and a portfolio of future projects in wind, solar and batteries.
As the world’s third-largest LNG player, TotalEnergies has a market share of around 12% and a global portfolio of some 50 million tonnes a year.
This position enables the company to play a key role in the energy transition and decarbonization, while meeting the growing demand for natural gas on international markets.
Recent developments in the Turkish energy sector, notably the agreement with TotalEnergies, illustrate Turkey’s clear desire to strengthen its position in the gas market while diversifying its sources of supply.
This strategy could not only enhance the country’s energy security, but also enable it to play a central role in Europe’s energy supply, particularly in a context of transition to more sustainable energy sources.

Budapest and Bratislava jointly reject the European Commission's proposal to ban Russian energy supplies, highlighting significant economic risks and a direct threat to their energy security, days ahead of a key meeting.
Libya officially contests Greece's allocation of offshore oil permits, exacerbating regional tensions over disputed maritime areas south of Crete, rich in hydrocarbons and contested by several Mediterranean states.
Hungary, supported by Slovakia, strongly expresses opposition to the European Commission's plan to phase out imports of Russian energy resources, citing major economic and energy impacts for Central Europe.
Israeli military strikes on Iran's Natanz nuclear site destroyed critical electrical infrastructure but did not reach strategic underground facilities, according to the International Atomic Energy Agency (IAEA).
The French president travels to Nuuk on 15 June to support Greenlandic sovereignty, review energy projects and respond to recent US pressure, according to the Élysée.
Kazakhstan has selected Rosatom and China National Nuclear Corporation to build two nuclear power plants totaling 2.4 GW, a decision following a favorable referendum and coinciding with Xi Jinping’s upcoming strategic visit.
Israeli strikes against Iranian nuclear sites disrupt US-Iranian talks on the nuclear deal. Tehran now considers canceling the upcoming negotiation round in Oman, heightening regional economic concerns.
Facing alarming breaches of uranium enrichment thresholds by Iran and explicit existential threats, Israel launches targeted military strikes against Iranian nuclear infrastructure, escalating regional tensions dramatically.
The Kremlin has confirmed that Vladimir Putin aims to help resolve the nuclear dispute between the United States and Iran, leveraging strengthened strategic ties with Tehran.
President Lee Jae-myung adopts an energy diplomacy rooted in national interest, amid a complex international landscape of rivalries that could create challenging situations for the country and its energy businesses.
Paris and Warsaw held a bilateral workshop in Warsaw to strengthen coordination on electricity infrastructure investments and supply security under the Nancy Treaty.
Donald Trump firmly rejects any uranium enrichment by Iran, while Russia affirms Tehran’s right to civil nuclear power, intensifying tensions in negotiations over the Iranian nuclear program.
Syria has signed a $7bn agreement with a consortium of companies from Qatar, Turkey and the United States to rebuild its national power sector.
Friedrich Merz confirmed that Germany would block any attempt to relaunch the Nord Stream 2 pipeline, despite internal calls suggesting a potential reopening of dialogue with Moscow.
A memorandum of understanding formalises energy cooperation between the European Union and the Latin American Energy Organization, including permanent EU participation in the organisation’s governance bodies.
Prime Minister Viktor Orban announced that Hungary would oppose the EU's plan to ban Russian energy deliveries by 2027, both legally and politically.
Michael Kretschmer, Minister-President of Saxony, proposed restarting dialogue with Russia on the Nord Stream 2 pipeline, despite clear opposition from the German government to any reactivation of the project.
Donald Trump is calling on the United Kingdom to abandon wind energy in favor of revitalizing offshore oil extraction, sparking debate over the economic and political implications of such an energy strategy after their recent trade agreement.
China and Egypt concluded over 30 energy-focused agreements, including electric vehicles, smart grids and storage technologies.
Facing Russian dominance in the Akkuyu nuclear project, Turkey accelerates international negotiations, aiming to mitigate risks related to energy dependency and potential strategic conflicts of interest.