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Presidents Erdogan, Putin discuss prospects for gas hub creation

World Materials 4 September 2023 14:20 (UTC +04:00)
Presidents Erdogan, Putin discuss prospects for gas hub creation
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, September 4. A meeting between President of Türkiye Recep Tayyip Erdogan and Russia's President Vladimir Putin has kicked off in Sochi, Trend reports.

At the meeting with Erdogan, Putin expressed hope that in the near future it will be possible to complete negotiations on the creation of a gas hub in order to stabilize the energy market.

"We are moving very confidently in the field of energy, agreements have been reached between the main suppliers and consumers on both sides. I hope that it will be so, we will witness this in the near future," Putin said.

In October 2022, President of Russia put forward the idea of creating a hub in Türkiye, where the lost volume of transit through the Nord Stream can be redirected. The Turkish side noted that from the point of view of infrastructure, it has almost everything ready for the implementation of the hub project, but it is necessary to amend the legislation. The first legislative decisions were taken in early April and concerned the activities of the Turkish Botas oil and gas company, as well as other suppliers.

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