US: Energy Key to $100B Trade Goal with Türkiye

Energy will play a central role in efforts to reach the $100 billion bilateral trade target between the United States and Türkiye, said Michael Lally, the newly appointed U.S. consul general in Istanbul. He described Ankara as a strategic partner in enhancing energy security, ensuring supply resilience, and promoting competitive pricing.

Lally said the energy sector offers practical pathways for accelerating trade growth at a time when global supply chains and market dynamics are rapidly shifting, The Caspian Post reports citing Turkish media.

"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 told Anadolu Agency (AA) on the sidelines of the World LNG Summit in Istanbul, adding that LNG cooperation is a key part of that effort.

Lally's remarks came a day after Energy and Natural Resources Minister Alparslan Bayraktar said Türkiye plans to invest in U.S. gas production facilities to hedge against potential price increases on the 1,500 LNG cargoes it has agreed to buy from the U.S. over the next 15 years.