Erdogan advances Putin’s proposed gas ‘hub’ in Turkey

“We gave, with Mr Putin, our Ministry of Energy and the competent institution in Russia, the order to develop a common work”said the president of Turkey in statements to journalists during the return flight from Astana, where he met, in a bilateral meeting, with the number one of the Kremlin.

On Thursday, Russian Presidency spokesman Dmitry Peskov had already noted that “the Turkish side” had reacted “with considerable interest to this initiative by Putin”.

“And the leaders have given instructions to look into this matter quickly”he added.

At issue is the creation of a hubon Turkish soil, with a view to distributing Russian gas to Europe. Which, in the Kremlin’s perspective, could also constitute a mechanism for regulating energy prices. It is, in Putin’s words, “a platform not only for the supply of gas, but also for determining prices, because this is a very important issue”.

“Today these prices are exorbitant and we could easily regulate them to a normal market level,” the Russian president told the Turkish interlocutor.

Also according to Putin, when it comes to hydrocarbons originating in Russia, Turkey is the “currently most reliable route to supply Europe”, via TurkStream – it is this pipeline that transports Russian gas to Turkey and different countries in the world. southern and southeastern Europe.The TurkStream pipeline in the Black Sea is capable of transporting up to 31.5 billion cubic meters of gas per year. It supplies Bulgaria, Greece, Serbia, Romania, Hungary and North Macedonia.

In turn, the Russian Minister of Energy, Nikolai Shulginov, emphasized, from Moscow, that Russia also intends to negotiate with so-called “friendly” European countries, in addition to Turkey.

w/ agencies

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