TotalEnergies Inks a 10-Year LNG Supply Deal With BOTAS

TotalEnergies SE (TTE) announced that it has signed a Heads of Agreement with BOTAS for delivering 1.1 million tons per year (Mtpa) of liquefied natural gas (LNG) for 10 years. It will start delivering from 2027.This agreement is in sync with TotalEnergies’ strategy to grow its long-term LNG sales. Through this deal, TTE can fortify its long-term position in the Turkish LNG market. It should also enable the company to reduce its exposure to spot market gas price fluctuations.Natural gas is an essential sour ...