All news

Gas hub in Turkey to start functioning within a year — source in Turkish Energy Ministry

It is also stated that the date of the conference on the gas hub has not yet been determined

ANKARA, March 13. /TASS/. The gas hub project in Turkey will be implemented within a year, a source in the Ministry of Energy and Natural Resources of Turkey told TASS.

"Yes, indeed, according to our plans, the launch of the gas hub should take place within a year. The work is now underway to settle the legal issues of the project. It is still difficult to say exactly when it will be fully completed," the source said.

The source also said that the date of the conference on the gas hub has not yet been determined.

Speaking at the Russian Energy Week forum in October 2022, Russian President Vladimir Putin proposed creating the largest gas hub in Europe in Turkey and redirecting the volume of gas, the transit of which is no longer possible through the Nord Stream, to this hub. According to him, it may imply building another gas pipeline system and creating a hub in Turkey, through which gas will be supplied to third countries, primarily European ones, if they are interested. Ankara welcomed this initiative and stated that a significant part of the infrastructure for creating a hub and a gas trading center in Istanbul was ready.

Tags