BOTAŞ, Türkiye’s state-owned gas grid operator, has finalized a contract with OMV Petrom in Romania, allowing for the supply of up to 1.5 billion cubic meters (bcm) of natural gas.
This agreement represents Türkiye’s commitment to expanding its gas export capabilities and establishing itself as an alternative gas supplier for the smaller markets located in southeastern Europe.
“(The company) is increasing its contribution to the security and diversity of energy supplies in neighbouring markets and in Europe,” the company said in a statement on Wednesday.
Exports will begin next month
Gas exports to Romania will begin on Oct. 1, at up to 4 million cubic metres per day, or around 1.5 bcm of gas per year. The agreement runs until the first quarter of 2025.
Türkiye also signed supply deals with Bulgaria and Hungary this year.
With the latest deal, the export commitments of BOTAŞ will reach up to 3.3 bcm, almost the full capacity of the country’s northern export route which Ankara says could be doubled with some investment from its European neighbours.
Breaking News Turkey with Reuters