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Turkey hopes to launch gas hub on its territory in 2024 — Energy Minister

Alparslan Bayraktar also noted that Turkey would like to create the opportunity for the participation of its Istanbul financial center in the work

ST. PETERSBURG, November 1. /TASS/. Turkey hopes that the gas hub on its territory will be launched in 2024, Turkish Energy Minister Alparslan Bayraktar said at the St. Petersburg International Gas Forum.

"I think we can complete this initiative by 2024," he said.

"We are now discussing this project with Gazprom, with our partners, namely, we want to create an electronic platform. I think this process will not take much time, maybe it will take a year to create this mechanism," he added.

The Energy Minister also said that Turkey would like to create the opportunity for the participation of its Istanbul financial center in the work.

"We would like to develop the competencies of energy trade, as well as trade in mineral resources," he said.

About gas hub

In October 2022, 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.

The Turkish side noted that almost everything is ready in terms of infrastructure for the implementation of the hub project, but it is necessary to amend the legislation. Speaking on September 4 in Sochi following negotiations with Erdogan, Putin said that Gazprom had handed over to the Turkish state-owned company Botas a draft roadmap for the creation of a gas hub in Trakya. He noted that the establishment of a joint working group is on the agenda.

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