Qatargas, the World’s Premier Liquefied Natural Gas Company, today announced the signing of a medium term sales and purchase agreement with BOTAŞ Petroleum Pipeline Corporation (BOTAŞ). Under the terms of the agreement, Qatargas will deliver 1.5 million tonnes of Liquefied Natural Gas (LNG) per annum for three years.

Mr. Saad Sherida Al-Kaabi, President and Chief Executive Officer of Qatar Petroleum, and Chairman of the Qatargas Board of Directors, said: “We are very pleased to announce this new agreement with BOTAŞ which will further strengthen our relationship with our friends in Turkey.”

Mr. Al-Kaabi added: “As the LNG market continues to evolve, Qatar’s ability to capture new opportunities is once again evident in this latest deal. This deal reflects the deep confidence of our customers around the world in our capabilities as a reliable supplier of LNG to satisfy their requirements.”

Commenting on the new agreement, Khalid Bin Khalifa Al-Thani, Chief Executive Officer, Qatargas, said: “Qatargas is delighted to announce this multi-year deal with BOTAŞ – a valued customer with deep expertise in the LNG industry. Our relationship with BOTAŞ has evolved from supplying spot cargoes to the current medium term deal, and we look forward to providing BOTAŞ with reliable, clean energy for many years to come.”

Commencing on 1 October 2017, this agreement provides for the supply of LNG from Qatar Liquefied Gas Company Limited (2) (“Qatargas 2”), the world’s first fully integrated value chain LNG venture. The LNG will be delivered onboard Q-Flex vessels to either the Egegaz LNG Terminal, the Marmara LNG Terminal, or to the Etki LNG terminal in the Republic of Turkey.

About Qatargas

Qatargas is the world’s largest LNG producing company with a production capacity of 42 MTA. The State of Qatar, as the world’s leading LNG producer, anticipates that the People’s Republic of China will become one of the world’s largest gas markets.

About Botas

Petroleum Pipeline Company (BOTAS) was established based on the Decree No. 7/7871 with the purpose of tranporting Iraq’s crude oil to İskenderun Bay, in accordance with the Crude Oil Pipeline Agreement signed between the Governments of the Republic of Turkey and the Republic of Iraq on 27.08.1973. BOTAS was restructured as a State Owned Enterprise based on the Decree of the Council of Ministers No. 96/6526 dated 08.02.1995. BOTAS, subject to the Decree Law No. 233, established according to the provisions of private law is a State Owned Enterprise with a joint-stock company status.

BOTAS, whose all capital belongs to Republic of Turkey Undersecretariat of Treasury and is a related institution of Republic of Turkey Ministry of Energy and Natural Resources, operates in crude oil transportation, as well as transportation, distribution, import, storage, marketing, trade and export of natural gas.