U.S. Gas Drives Turkey’s Plan to Invest in American Energy Fields

Turkey is exploring new investment opportunities in U.S.

oil and gas fields as part of a broad plan to restructure its energy portfolio, with growing reliance on U.S.

gas to secure future fuel needs.

Energy Minister Alparslan Bayraktar said that Turkish Petroleum is holding talks with major American companies such as Chevron and Exxon Mobil to acquire upstream production assets, aiming to diversify supplies and strengthen dependence on U.S.

gas.

He added that an initial announcement could come as early as next month, opening new horizons for economic relations between Ankara and Washington.

Through this strategy, Turkey seeks to reduce its reliance on supplies from Russia and Azerbaijan, while benefiting from the competitiveness of U.S.

gas compared with pipeline-delivered gas.

Ankara has already signed long-term LNG agreements totaling 150 billion cubic meters, with most deliveries set to begin between 2027 and 2030.