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US consul general says energy is key to $100B US-Türkiye trade goal

- 'Türkiye's investment in its onshore infrastructure and its regasification units make it a very attractive market,' US Consul General in Istanbul tells Anadolu

home > Natural Gas, Nuclear, International Relations 05.12.2025 11:58

US consul general says energy is key to $100B US-Türkiye trade goal

Energy will be central to reaching the $100 billion bilateral trade target between Washington and Ankara, the US Consul General in Istanbul said, calling Türkiye a vital partner in boosting energy security, reliable supply, and competitive pricing.

Speaking to Anadolu on the sidelines of the 25th World LNG Summit in Istanbul, Michael Lally, who was appointed to the post last month, said: "We see Türkiye as a major partner in that way, providing energy security, reliability, and competitive prices in our partnership through Türkiye, using energy as a further link between our countries."

Lally's comments come as Washington and Ankara seek to advance a long-standing $100 billion trade goal, with energy, particularly liquefied natural gas (LNG), viewed as a practical step toward deeper economic ties amid evolving global supply patterns.

As part of those efforts, Turkish companies have signed multibillion-dollar LNG supply deals with US companies, reinforcing energy's central role in bilateral trade.

Marking its 25th anniversary, the World LNG Summit was held in Türkiye for the first time on Dec. 2-5, reflecting the country's growing profile in the global LNG market.

Türkiye is Europe's fourth-largest natural gas market, with annual consumption of around 60 billion cubic meters (bcm), according to official figures. Long-term LNG contracts signed by Türkiye in 2025 alone amount to 106 bcm.

In addition, the country has rapidly expanded its gas infrastructure, boosting its regasification capacity fivefold to 161 million cubic meters per day and increasing storage capacity more than 6 bcm, with further expansions planned.

The Turkish Petroleum Pipeline Corporation (BOTAS) now sources gas from 22 countries and 33 companies, supplying excess volumes to neighboring markets and gas networks.

Lally said he attended the event to focus on US-Türkiye partnerships, pointing to what he described as an "excellent" meeting between the two countries' presidents on Sept. 25 in Washington.

"We talked about how we wish to grow our trade, how we have to work towards that $100 billion goal, and the road there is energy," he said, adding that LNG cooperation is a key part of that effort.

Lally said Washington and Ankara have been cooperating for decades throughout the region in energy because they are natural partners, noting Türkiye's growing energy needs as its economy expands.

"Türkiye needs further energy resources in order to grow its economy, and the United States is there as a reliable partner that provides advantageous commercial terms and a long-term vision for that," he said. "Türkiye's investment in its onshore infrastructure and its regasification units make it a very attractive market."

Lally said the cooperation helps strengthen both countries' energy security while supporting the shared goal of expanding bilateral trade.


- 'Energy partnership is the way to go'

Noting the importance of US-Türkiye cooperation across all areas, he said that US Ambassador to Türkiye Tom Barrack had emphasized the need to elevate and further expand the relationship to address regional issues.

"We believe that the energy partnership is the way to go," he explained. "Türkiye has always tried to position itself as a regional hub, working closely with American suppliers, not only in LNG but in all areas of energy, including infrastructure."

"That is where we want to take that decades-long partnership forward for the future," he added.

Lally also highlighted Türkiye's role in supplying LNG to the region, citing the country's long-term approach to expanding pipeline and gas infrastructure and its focus on regional markets.

He said LNG provides flexible cargoes that allow US and Turkish companies to cooperate bilaterally and supply the wider region with energy that heats homes, powers factories and supports economic growth.

Referring to a recently signed nuclear energy agreement between Türkiye and the US, Lally said civil nuclear cooperation formed part of the broader partnership and underscored the long-term nature of energy ties between the two countries.

"The way the civil nuclear industry works is a long-term industry," he said. "As we saw on September 25th, relating it again back to our president's meetings, we are going to be working together on all aspects of civil nuclear cooperation in order to provide the long-term power needs that Türkiye will need to power its economy."

Lally also pointed to a civil aviation agreement involving the delivery of Boeing aircraft to Turkish Airlines as an example of private-sector cooperation, saying Washington would continue to pursue opportunities in areas such as information technology, healthcare, and in other areas to meet the $100 billion target.

"We are always very happy to collaborate with our Turkish partners," he added.

By Firdevs Yuksel and Handan Kazanci

Anadolu Agency

energy@aa.com.tr


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Spot market natural gas prices for Thursday, Jan. 8

- 1,000 cubic meters of natural gas on spot market costs 14,230.63 Turkish liras
09.01.2026 Natural Gas

Spot market natural gas prices for Wednesday, Jan. 7

- 1,000 cubic meters of natural gas on spot market costs 14,307 Turkish liras
08.01.2026 Natural Gas

TurkStream marks sixth year as key conduit for gas flows to Europe

- End of Ukraine transit leaves TurkStream as only pipeline route carrying Russian gas to Europe, boosting its strategic importance
09.01.2026 Natural Gas

Spot market natural gas prices for Monday, Jan. 5

- 1,000 cubic meters of natural gas on spot market costs 14,327 Turkish liras
07.01.2026 Natural Gas

Spot market natural gas prices for Sunday, Jan. 4

- 1,000 cubic meters of natural gas on spot market costs 14,330 Turkish liras
05.01.2026 Natural Gas

Türkiye, Azerbaijan agree on 33 bcm gas deal starting in 2029

- Alparslan Bayraktar says deal to provide Türkiye with 2.25 bcm per year from Absheron field over the contract period
07.01.2026 Natural Gas

Spot market natural gas prices for Saturday, Jan. 3

- 1,000 cubic meters of natural gas on spot market costs 14,329 Turkish liras
04.01.2026 Natural Gas

Spot market natural gas prices for Friday, Jan. 2

- 1,000 cubic meters of natural gas on spot market costs 14,302.75 Turkish liras
03.01.2026 Natural Gas

Spot market natural gas prices for Thursday, Jan. 1

- 1,000 cubic meters of natural gas on spot market costs 14,319 Turkish liras
02.01.2026 Natural Gas

Spot market natural gas prices for Wednesday, Dec. 31

- 1,000 cubic meters of natural gas on spot market costs 14,445.54 Turkish liras
02.01.2026 Natural Gas

Spot market natural gas prices for Tuesday, Dec. 30

- 1,000 cubic meters of natural gas on spot market costs 14,312.29 Turkish liras
31.12.2025 Natural Gas

Spot market natural gas prices for Monday, Dec. 29

- 1,000 cubic meters of natural gas on spot market costs 14,338.50 Turkish liras
30.12.2025 Natural Gas

Türkiye's BOTAS finalizes long-term LNG supply agreement with Australia's Woodside

- Woodside to deliver 0.5 million tonnes of LNG annually to Türkiye starting in 2030
03.01.2026 Natural Gas

Spot market natural gas prices for Sunday, Dec. 28

- 1,000 cubic meters of natural gas on spot market costs 14,338.13 Turkish liras
29.12.2025 Natural Gas

Lebanon, Egypt sign deal to meet Beirut’s natural gas needs

- Agreement seen as 1st step toward shifting power generation from fuel oil to gas, easing costs and environmental impact
01.01.2026 Natural Gas

Spot market natural gas prices for Saturday, Dec. 27

- 1,000 cubic meters of natural gas on spot market costs 14,355.93 Turkish liras
28.12.2025 Natural Gas

Spot market natural gas prices for Friday, Dec. 26

- 1,000 cubic meters of natural gas on spot market costs 14,377.43 Turkish liras
27.12.2025 Natural Gas

Spot market natural gas prices for Thursday, Dec. 25

- 1,000 cubic meters of natural gas on spot market costs 14,393.02 Turkish liras
26.12.2025 Natural Gas

Critical minerals dependence could spark tensions from 2026 onward, IEA chief warns

- 'Global effort to work with countries other than China and diversify supply sources presents an opportunity for Türkiye,' Fatih Birol tells Anadolu
30.12.2025 Natural Gas , Oil , Renewable

Spot market natural gas prices for Monday, Dec. 22

- 1,000 cubic meters of natural gas on spot market costs 14,505.73 Turkish liras
23.12.2025 Natural Gas

Spot market natural gas prices for Sunday, Dec. 21

- 1,000 cubic meters of natural gas on spot market costs 14,548.02 Turkish liras
23.12.2025 Natural Gas

Spot market natural gas prices for Saturday, Dec. 20

- 1,000 cubic meters of natural gas on spot market costs 14,453.98 Turkish liras
21.12.2025 Natural Gas

Spot market natural gas prices for Friday, Dec. 19

- 1,000 cubic meters of natural gas on spot market costs 14,484.42 Turkish liras
20.12.2025 Natural Gas

Spot market natural gas prices for Thursday, Dec. 18

- 1,000 cubic meters of natural gas on spot market costs 14,524.88 Turkish liras
19.12.2025 Natural Gas

Egypt says gas deal with Israel ‘purely commercial without political dimensions’

- Egypt says its support for Palestinians ‘remains firm, and has not and will not change’
22.12.2025 Natural Gas , General

Spot market natural gas prices for Wednesday, Dec. 17

- 1,000 cubic meters of natural gas on spot market costs 14,386 Turkish liras
18.12.2025 Natural Gas

Türkiye's gas imports up 3.9% in October

- Russia is Türkiye's largest natural gas supplier, providing 1.63 billion cubic meters, with Azerbaijan and Iran supplying 996 million cubic meters and 820 million cubic meters, respectively
19.12.2025 Natural Gas

Türkiye's LPG production up 2.89% in October

- LPG imports decrease by 17.01%, while exports fell by 28.28% in October, latest industry report reveals
17.12.2025 Lng/Lpg

Spot market natural gas prices for Monday, Dec. 15

- 1,000 cubic meters of natural gas on spot market costs 14,963.71 Turkish liras
16.12.2025 Natural Gas

Sri Lanka in talks with Moscow to build LNG terminal, modernize refinery to use Russian oil

- Sri Lanka wants to transition to clean energy due to climate change impact and LNG is one of options Colombo is considering, says Sri Lankan ambassador to Moscow
15.12.2025 Lng/Lpg

Spot market natural gas prices for Sunday, Dec. 14

- 1,000 cubic meters of natural gas on spot market costs 14,434.94 Turkish liras
15.12.2025 Natural Gas

Spot market natural gas prices for Saturday, Dec. 13

- 1,000 cubic meters of natural gas on spot market costs 14,583.03 Turkish liras
15.12.2025 Natural Gas

Spot market natural gas prices for Friday, Dec. 12

- 1,000 cubic meters of natural gas on spot market costs 14,392.27 Turkish liras
14.12.2025 Natural Gas

Spot market natural gas prices for Thursday, Dec. 11

- 1,000 cubic meters of natural gas on spot market costs 14,476.10 Turkish liras
12.12.2025 Natural Gas

Israeli energy minister expects gas export deal with Egypt ‘within weeks’

- There was no immediate comment from Egyptian authorities
13.12.2025 Natural Gas , General

Spot market natural gas prices for Wednesday, Dec. 10

- 1,000 cubic meters of natural gas on spot market costs 14,525.77 Turkish liras
11.12.2025 Natural Gas

Spot market natural gas prices for Tuesday, Dec. 9

- 1,000 cubic meters of natural gas on spot market costs 14,479.93 Turkish liras
10.12.2025 Natural Gas

Spot market natural gas prices for Monday, Dec. 8

- 1,000 cubic meters of natural gas on spot market costs 14,364.98 Turkish liras
09.12.2025 Natural Gas
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