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“Türkiye” seeks “energy independence” through a huge gas deal with “ExxonMobil”

April 29, 2024

The Financial Times newspaper revealed Turkey's talks with the American energy giant ExxonMobil, aiming to sign a huge deal to purchase liquefied natural gas worth billions of dollars.

Turkey, which relies almost entirely on importing natural gas, seeks to diversify its energy sources and enhance its energy security by reducing its dependence on any single supplier, especially Russia.

The company provides Turkey with about 2.5 million tons of liquefied natural gas annually, over 10 years, but the newspaper and its sources have not yet revealed the total cost of this project.

This deal effectively contributes to diversifying energy sources and enhancing Turkey's energy security in the future. In addition, the deal strengthens the Turkish economy by reducing the energy bill and enhancing job opportunities in the sector.

Moreover, ExxonMobil has announced the start of initial talks with the Turkish government to supply it with liquefied natural gas, knowing that Turkey has announced the discovery of a natural gas field in Jabal Ghabar, and is working hard to significantly increase its oil production by the end of the year. The current one. Accordingly, the deal demonstrates Turkey's firm commitment to diversifying energy sources and investing in new discoveries with the aim of achieving its goals in the energy sector.