Türkiye wants to sign a long-term gas supply agreement with Egypt
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Turkish Foreign Minister Mevlut Cavusoglu announced his country’s interest in signing an agreement on long-term gas supplies from Egypt. The Minister raised this topic at a press conference with Egyptian Foreign Minister Sameh Shukri, who paid an official visit to Ankara.
Now Turkey is already importing liquefied gas from Egypt, including for its regasification and export to other countries. “But instead of buying Egyptian gas on the spot market, we want to conclude a medium- or long-term agreement (on permanent supplies.— “b”) between our energy companies,” said Mr. Cavusoglu (quoted by TASS).
Egyptian Minister of Petroleum and Mineral Resources Tariq al-Mulla said that a large Nargiz gas field was recently found on the Egyptian shelf in the Mediterranean Sea. The volume of its reserves is still being estimated. According to the minister, this field is comparable to the key Egyptian Zohr field, whose potential is estimated at 850 billion cubic meters. m of gas.
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