Bloomberg: BOTAŞ seeks 300 million euro loan for LNG

Pipelines and Petroleum Transport Corporation (BOTAŞ) is negotiating for a 300 million Euro syndication loan to be used in the purchase of liquid natural gas (LNG) from SOCAR throughout 2022.

According to sources close to the subject who spoke to Bloomberg, the cost (all-in) of the loan will be Euribor+575-650 basis points. The maturity of the loan is foreseen as 1 year and 1 day.

In July, it was announced that BOTAŞ had obtained a loan of 925 million Euros from Deutsche Bank for its LNG purchases.

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