Turkey is seeking investment in the US oil and gas sector while speeding up a comprehensive reform of its energy mix, which has so far mainly revolved around US liquefied natural gas. Turkish Energy Minister Alparslan Bayraktar said Turkish Petroleum is in talks with Chevron, ExxonMobil and other major US companies to obtain positions in upstream assets as part of Turkey's plans to expand its growing exposure to liquefied natural gas. He said the relevant announcement is likely to be released as early as next month. The plan adds a new dimension to Turkey's expanded relationship with the US, which has become the main long-term gas supply source for Ankara. Turkey is seeking to secure access to critical fuels to support its $1.4 trillion economy and diversify sources away from dependence on Russia and Azerbaijan.

Turkey is seeking investment in the US oil and gas sector while speeding up a comprehensive reform of its energy mix, which has so far mainly revolved around US liquefied natural gas. Turkish Energy Minister Alparslan Bayraktar said Turkish Petroleum is in talks with Chevron, ExxonMobil and other major US companies to obtain positions in upstream assets as part of Turkey's plans to expand its growing exposure to liquefied natural gas. He said the relevant announcement is likely to be released as early as next month. The plan adds a new dimension to Turkey's expanded relationship with the US, which has become the main long-term gas supply source for Ankara. Turkey is seeking to secure access to critical fuels to support its $1.4 trillion economy and diversify sources away from dependence on Russia and Azerbaijan.