XOM - Turkey Reportedly Turns East For Gas Reportedly Eyes Exxon Deal To Ditch Russia | Benzinga
Exxon Mobil Corporation (NYSE:XOM) is reportedly in talks with Turkey for a multibillion-dollar deal for liquefied natural gas (LNG) as Ankara seeks to curb its dependence on Russia for energy needs.
Turkish energy minister Alparslan Bayraktar said in an interview, “The country, which imports nearly all of its natural gas, is seeking to build a “new supply portfolio” that will make it less reliant on any single partner,” reported Financial Times.
Notably, as per the report, Russia is Turkey’s biggest natural gas supplier, accounting for over 40% of ...