Turkiye in talks with ExxonMobil on LNG deal

In this photo illustration, an ExxonMobil logo is displayed on the screen of an iPhone [Sheldon Cooper/SOPA Images/LightRocket via Getty Images]

Turkiye is in talks with US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas as Ankara seeks to curb its dependence on Russian energy, the Financial Times reports.

According to the report, Turkiye is seeking to build a “new supply portfolio” that will make it less reliant on any single partner, Turkish Energy Minister, Alparslan Bayraktar, said during an interview with the Financial Times.

iyeThe report says the talks come amid improving relations between Turkey and the US after Ankara dropped its veto on Sweden joining the NATO military alliance.

They also come as Turkiye is seeking to reposition itself as a regional energy hub.

READ: Turkish Airlines in talks with Airbus, Boeing to buy 235 planes

Unless otherwise stated in the article above, this work by Middle East Monitor is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. If the image(s) bear our credit, this license also applies to them. What does that mean? For other permissions, please contact us.