Russia and Turkey have started the practical implementation of the gas hub project
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Moscow and Ankara have begun to work on the implementation of a project to create a gas hub in Turkey, said the head of Gazprom, Alexei Miller.
“Now, Turkey and I have started working on a gas hub project in this country. This decision was made at the level of the leaders of the two states, and we have already begun its practical implementation,” said Miller (quote according to TASS).
According to him, the Russian-Turkish project will ensure transparent and fair pricing in the natural gas market. Miller also explained that according to the long-term forecast, consumption will grow by 20% over the next 20 years. That is why Russia is already thinking about energy security.
In October, Russian President Vladimir Putin came up with the idea of creating a new hub for Russian gas supplies. Dropped volumes of gas transportation to the EU (due to damage to the Nord Stream and Nord Stream 2 gas pipelines and sanctions against the latter) can be transferred from the Baltic Sea to the Black Sea. In this case, according to Putin, Turkey can become the largest gas hub.
On October 19, Erdogan announced that he had agreed with Putin on the creation of an international gas hub in the country. Later it became known that the gas distribution center within the framework of the hub project would be located in Thrace – in the north-west of the republic.
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