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Turkey Reduces Russian Gas Reliance with $43 Billion LNG Deals

10/9/2025

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Summary

Story summary

Turkey aims to meet half its gas needs by 2028 through domestic production and U.S. LNG.
Russian gas share has fallen from over 60% to 37% since 2025, reducing reliance.
Turkey signed $43 billion in LNG deals with U.S. suppliers, including a 20-year Mercuria contract.
Pipeline contracts with Russia and Iran are nearing expiration, prompting a shift toward more flexible terms.

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Story summary

Turkey aims to meet half its gas needs by 2028 through domestic production and U.S. LNG.
Russian gas share has fallen from over 60% to 37% since 2025, reducing reliance.
Turkey signed $43 billion in LNG deals with U.S. suppliers, including a 20-year Mercuria contract.
Pipeline contracts with Russia and Iran are nearing expiration, prompting a shift toward more flexible terms.