Australian energy heavyweight Woodside Energy has finalised a significant long-term agreement to supply liquefied natural gas (LNG) to a Turkish government-owned corporation, marking a strategic expansion into a new market.
A Major Strategic Milestone for Woodside
The ASX-listed company announced on Monday that it had signed a binding nine-year supply deal with Boru Hatları ile Petrol Taşıma A.Ş, known as BOTAŞ. This agreement follows a non-binding memorandum of understanding the two parties entered in September.
Under the terms, Woodside will supply 0.5 million tonnes of LNG annually to Turkey, commencing in 2030. This volume is equivalent to approximately 5.8 billion cubic metres of natural gas each year. The gas will be sourced primarily from Woodside's under-construction Louisiana LNG export facility in the United States.
Strengthening a Diversified Global Portfolio
Woodside's Chief Commercial Officer, Mark Abbotsford, hailed the pact as a key strategic achievement. "This supply agreement with BOTAŞ represents a strategic milestone for Woodside given it is our first long-term LNG supply arrangement with the Turkish market," Mr Abbotsford stated.
He emphasised that the deal highlights the strength and adaptability of Woodside's global portfolio. "It is yet another demonstration of the strength and flexibility of Woodside’s diversified portfolio and ability to deliver on our global ambitions," he added.
The deal with Turkey's national energy company comes after Woodside made its final investment decision on the Louisiana plant in April. The facility, located on the US Gulf Coast, is designed with an export capacity of nearly 28 million tonnes of LNG per year. Earlier in 2025, German energy giant Uniper also secured a supply contract from the same project.
Deal Proceeds Amid Geopolitical Context
The agreement with BOTAŞ involves a Turkish government that has been led by President Recep Erdoğan since 2014. The administration has faced international scrutiny, including from Washington-based thinktank Freedom House, which this year cited a sharp decline in political freedoms and increasing authoritarian tendencies.
Among the specific concerns raised were allegations that the Turkish government could restrict access to social media platforms during periods of civil protest.
On the Australian markets, Woodside shares experienced a slight dip following the announcement, falling 0.4 per cent to $23.06 in morning trading. This movement comes as the company navigates a leadership transition, having recently seen its chief executive, Meg O'Neill, depart to take a senior role at supermajor BP.
The long-term contract solidifies Woodside's position as a key global LNG supplier and opens a significant new export corridor for Australian-managed energy resources into the European region.
