A Floating Storage and Regasification Unit (FSRU) owned by Türkiye’s Turkish Petroleum Pipeline Corporation (BOTAS) will operate overseas for the first time under an agreement with Egypt’s state energy firm EGAS, said Energy and Natural Resources Minister Alparslan Bayraktar on Tuesday.
Bayraktar met with Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and his delegation at the Ministry in Ankara.
Marking the centenary of diplomatic ties between Türkiye and Egypt, Bayraktar said the two sides had signed two key agreements to boost energy cooperation.
The ministers signed a Memorandum of Understanding that ‘institutionalizes our collaboration in hydrocarbons and mining,’ he said.
‘This includes plans to carry out joint efforts and enhance technical knowledge-sharing in strategic areas such as oil, natural gas, geothermal energy, hydrogen and critical minerals,’ he added.
He described the move as a flexible and efficient model that would support natural gas supply security for both countries.
‘With the agreement signed between our national energy company BOTAS and Egypt’s public energy company EGAS, an FSRU from BOTAS’s fleet will be deployed abroad on a temporary basis for the first time.’ Bayraktar said.
‘I sincerely believe these steps will open a new chapter in Türkiye–Egypt energy relations and wish the best for both nations,’ he added.
