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Sep 27, 2023 15:56 EEST
September 27 (SeeNews) - Turkish state energy company BOTAS said on Wednesday that it has signed a contract to export up to 1.5 billion cubic metres (bcm) of natural gas to Romania's oil and gas group OMV Petrom [BSE:SNP] as part of its ambition to become one of Turkey's top gas exporters.
Under the contract, BOTAS will supply Romania with up to 4 million cubic meters of natural gas daily through pipelines from October 1, 2023, to March 31, 2025, the Turkish company said in a press release.
"In addition to natural gas trading, the parties also agreed to develop cooperation in the fields of transmission, storage, production and green energy technologies," BOTAS added.
The two companies also signed an agreement in the field of liquified natural gas (LNG) in Southeast Europe. The deal will enable the diversification of LNG access to Romania, member of the OMV Petrom Executive Board, Franck Neel, was quoted saying in a separate press statement released by OMV Petrom on Wednesday.
The agreements are part of BOTAS' strategy to become one of Turkey's top ten exporters within the next three years. The company has already signed deals to export natural gas to Greece, Bulgaria and Hungary.
OMV Petrom's shares traded 4.86% lower at 0.568 lei ($0.12/0.11 euro) as of 1230 CET on Wednesday on the Bucharest Stock Exchange.
(1 euro=4.97492 lei)
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