Turkey and Algeria expand partnership in energy sector

In a written statement issued by Sonatrach, it was stated that Sonatrach CEO Rachid Hachichi and BOTAŞ General Manager Abdulvahit Fidan met in Algeria.

The statement noted that during the meeting, the two parties discussed existing long-term commercial relations within the framework of contracts regarding the purchase and sale of liquefied natural gas between Sonatrach and BOTAŞ.

Emphasizing that the parties reached a consensus on strengthening their relations, the statement conveyed that Hachichi and Fidan exchanged views on expanding their partnership and exploring new business opportunities on this occasion.

The statement recalled that Sonatrach has been supplying liquefied gas to BOTAŞ since 1988, and highlighted that Algeria decided to extend the contract regarding the supply of liquefied natural gas to Turkey, which reached an annual volume of 5.4 billion cubic meters in 2020, until 2024.

Sonatrach CEO Hachichi stated last week at an energy conference in Italy that the company's gas production is 130 billion cubic meters, of which 45 billion is allocated for domestic consumption and the remainder for export.

News Source: 12punto