Turkish state energy company Botas and British oil major Shell (SHEL.L), opens new tab signed a 10-year LNG agreement on Monday, the Turkish Energy Minister Alparslan Bayraktar said.

“A total of 40 LNG cargoes of approximately 4 billion cubic meters will be delivered annually for a period covering 10 years starting from 2027,” Bayraktar said.

“The agreement also provides additional regional and global trade opportunities with options such as loading from the supply port and unloading at European terminals.”