Creation of gas hub in Turkey remains on agenda — Putin

Russian Politics & Diplomacy July 30, 2023, 1:13

He stressed that the project does not involve the storage of huge volumes of gas, but the creation of an electronic trading platform

ST. PETERSBURG, July 30. /TASS/. The topic of creating a gas hub in Turkey remains on the agenda, Russian President Vladimir Putin said answering a question from a TASS correspondent.

"Yes, it remains on the agenda," the head of state said at a press conference late on Saturday.

He stressed that the project does not involve the storage of huge volumes of gas, but the creation of an electronic trading platform. "I want to make it clear that this is not oil or an oil storage facility, this is gas. Both we and our Turkish friends know this. We are talking about creating an electronic trading platform. <...> We are not going to store gas there in huge volumes. It's just a convenient place to organize such an electronic trading platform, because Turkey has become a transit country for Europe," Putin explained.

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.

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