Turkey hopes to start operating gas hub within a year

Turkey expects to start operating the gas hub within a year, Minister of Energy and Natural Resources Fatih Donmez said. transmits his words Turkish newspaper Habertürk.

“There is no gas trading center in Eastern and South-Eastern Europe. The countries of the region with which we maintain contacts also support this gas center project. I hope we will be able to operate the gas center for one year,” he said.

December 28, 2022 Head of Gazprom Alexey Miller declaredthat Moscow and Ankara began to work on the implementation of the project to create a gas hub in Turkey. 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 1 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.