The agreement mitigates an energy crunch that Europe faces as a consequence of Russia's armed conflict with Ukraine amid harsh winter conditions.
Ankara and Moscow are taking the necessary steps to make Türkiye an energy hub, Turkish President Recep Tayyip Erdogan says.
Germany is facing a severe energy crisis due to the ongoing Russia-Ukraine war, which led to disruptions in the gas supply and pushed energy prices to record highs.
The costs are estimated at about $6.75 billion, the Economy Ministry said as the earlier estimate was around $3.1 billion.
A study says that emissions from proposed and approved gas projects endanger the Paris Agreement goals as western countries seek to stave off the energy crisis.
LNG cargoes will help alleviate a tight global LNG market and gas shortages in Europe as winter looms following Russia-Ukraine conflict.
The French energy giant will have a 9.3 percent stake in the North Field South gas project amid a raging energy crisis in Europe.
Turkish President Erdogan speaks with American entrepreneurs in New York, pitching for enhanced US-Türkiye trade ties, a day after addressing UN General Assembly.
Europe struggles with high cost of living and a prospect of more protests as sanctions-hit Moscow cuts back gas supply.
Skyrocketing gas prices in Europe have had a ripple effect particularly on the Asian market, causing severe shortages in developing nations strapped for foreign currency.
EU leaders have agreed to implement a ban on 90 percent of Russian oil imports in the latest package of sanctions against Russia.
Iran's state news agency said the deal was reached when the Iranian oil minister paid a visit to Oman ahead of President Raisi's visit to the Gulf Arab state.
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