- The contract is valid until March 2025
- The two companies also signed a memorandum of understanding to expand collaboration in the field of liquified natural gas (LNG) in Southeast Europe
OMV Petrom, the largest integrated energy company in Southeast Europe, signed a contract for the purchase of natural gas with BOTAS, the national oil and gas company of Türkiye. The contract was signed for a period of 18 months, starting October 2023 and allows for the supply of up to 4 million cubic meters per day.
Franck Neel, member of the OMV Petrom Executive Board, responsible for the Gas and Power activity: "Natural gas is essential for a successful energy transition. Through the contract signed with BOTAS, we ensure access to a new source of natural gas for Romania, and we contribute to the consolidation of the country's energy supply. In addition, the memorandum will enable the diversification of LNG access to Romania".
The gas is to be delivered outside Türkiye, at the Malkoclar/Strandja point. The main destination market of the gas is Romania.
At the same time, the two companies will expand their collaboration through a memorandum of understanding in the field of LNG.