Türkiye speaks out about gas trading center with Russia, plans to set up company

On August 20, Turkish Energy Minister Alparslan Bayraktar stated that Ankara and Moscow have no issues regarding the gas hub project, and that the project needs more time.

Türkiye has no disagreements with Russia regarding the gas hub project. (Source: TASS)

In an interview with Turkey's Milliyet newspaper, Bayraktar revealed: "We are planning to set up a company to serve the gas trading center. We intend to establish it with Russia."

The Turkish Energy Minister stated: "We have no problem with Russia. Gas will be traded at the gas exchange, and prices will be determined."

In June 2024, Pavel Zavalny, Chairman of the Energy Committee of the Russian State Duma, announced that decisions regarding the construction of Türkiye's gas hub project would be finalized this year.

This project was first discussed in October 2022.

At that time, Russian President Vladimir Putin proposed diverting gas shipments from the Nord Stream pipelines, which had been damaged by the explosion, to Ankara.

In December 2023, Russian Deputy Prime Minister Alexander Novak confirmed that Russia's energy giant Gazprom and Ankara had agreed to prepare a roadmap for Turkey's gas hub project, and further decisions on the project would be announced soon.

Source: https://baoquocte.vn/tho-nhi-ky-len-tieng-ve-trung-tam-giao-dich-khi-dot-voi-nga-du-dinh-thanh-lap-cong-ty-283320.html