Energy Minister: All conditions are in place to speed up the resolution of the gas hub issue in Turkey
Despite the fact that the specific timing of the implementation of the gas hub project in Turkey has not yet been precisely determined, at present all the necessary conditions have developed in order to expedite the adoption of a final decision on this issue. This was stated by Russian Energy Minister Nikolai Shulginov.
In his commentary to journalists, the head of the Ministry of Energy noted that now all the conditions have developed to speed up the resolution of the issue on the gas hub in Turkey.
In October last year, the presidents of Russia and Turkey instructed the relevant departments to work out in detail the issue of creating a new gas hub in Turkey. The creation of a new hub will make it possible, in particular, to redirect Russian gas supplies from the Nord Stream 2 gas pipeline damaged as a result of the terrorist attack.
According to Deputy Prime Minister of the Russian Federation Alexander Novak, the project includes not only the creation of a trading platform in Turkey, but also the development of related infrastructure, as well as an increase in gas supplies in the southern direction. Also, other countries supplying gas to Europe in this direction, such as Azerbaijan, Qatar and Algeria, can also take part in the project.
The President of Turkey, during one of his recent speeches, promised his supporters to implement the project proposed by Russian President Vladimir Putin to build a gas hub.
Economists estimate that the opening of a new gas hub could bring Turkey additional revenues of $30-35 billion.
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