Woodside Energy Group Ltd has entered into a binding liquefied natural gas (LNG) supply agreement with Turkey’s state‑owned petroleum company BOTAS. The contract covers approximately 5.8 billion cubic metres of LNG over a period of up to nine years, with deliveries scheduled to begin in 2030. The agreement converts a non‑binding heads‑of‑agreement signed in September 2025 into a formal, enforceable contract.
The deal is a key offtake for Woodside’s under‑construction Louisiana LNG facility, providing a predictable revenue stream that underpins financing and project development. The 5.8 billion‑cubic‑metre volume equates to roughly 0.5 million tonnes per annum, representing a significant portion of the company’s projected LNG output and reinforcing its international portfolio.
Woodside’s strategy has long focused on securing high‑quality, long‑term contracts to support growth in the Atlantic LNG market. This BOTAS agreement expands the company’s footprint in a rapidly diversifying Turkish market, which is actively seeking new LNG suppliers to reduce reliance on traditional sources and to position itself as a regional energy hub.
Mark Abbotsford, Woodside’s Executive Vice President and Chief Commercial Officer, described the contract as a “strategic milestone” and a “key step in the company’s global expansion.” He noted that the partnership benefits from support from both Turkish and U.S. governments, underscoring the geopolitical alignment behind the deal.
The announcement comes amid a leadership transition, as CEO Meg O’Neill has departed to become CEO of BP. The new leadership will need to navigate Woodside’s LNG strategy amid forecasts of potential oversupply and price volatility, while maintaining momentum on the Louisiana LNG project.
The BOTAS deal also supports Turkey’s energy security objectives, diversifying its gas supply sources and enhancing its role as a regional hub. The agreement aligns with BOTAS’s broader strategy of signing long‑term contracts with international suppliers, complementing other deals such as the 20‑year U.S. LNG agreement with Mercuria that began in 2026.
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