A 10-year liquefied petroleum gas (LPG) supply agreement was signed between the Turkish investment company BDY Group and Vitol, one of the world's largest commodity trading companies.
According to the information obtained by Anadolu Agency, Vitol will supply at least 400 thousand tons of LPG annually to BDY Group within the scope of the agreement.
Vitol, who also owns Petrol Ofisi in Türkiye, uses the Dortyol region as a center for trade with neighboring countries.
On the other hand, besides the supply agreement, a storage agreement was also signed between the companies.
According to the agreement, Vitol will pay BDY Group on a ton basis for storage and export-based loading for 10 years. Thus, a net foreign currency inflow will be provided to Türkiye. The deal was signed on a 'use or pay' condition.
Market experts consider LPG as an alternative fuel in case of possible interruptions in natural gas flow and supply problems.
LPG, which can be used in autogas and cooking as well as in heating in the world, also plays an important role in the Turkish energy market.
Consuming more than 4 million tons of LPG annually, Türkiye is the country that consumes the most autogas in the world.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr