Turkey took a $929 million loan from Deutsche Bank for LNG supply

Turkey took a $929 million loan from Deutsche Bank for LNG supply

Turkish oil and gas company BOTAŞ has taken a loan of 929 million dollars from Deutsche Bank for the supply of liquefied gas (LNG). The reason for this is to reduce Turkey’s dependence on Russian energy resources.

“Report” “Bloomberg” agency reported on this.

It was noted that these funds will be directed to the purchase of liquefied natural gas from predetermined producers and traders in 10 countries – Algeria, Great Britain, Germany, Spain, Italy, Qatar, Singapore, USA, France and Switzerland.

The loan repayment period is 3 years.

It is the first time that BOTAŞ has taken a loan from a foreign bank for LNG supply. This will enable the Turkish company to diversify its supplies.

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