Russian president: Gas hub in Türkiye remains on agenda

The topic of creating a gas hub on Turkish territory remains on the agenda, Russian President Vladimir Putin said answering a question from a TASS correspondent, Report informs.

Putin 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. It is about creating an electronic trading platform. We are not going to store gas in huge quantities there. It's just that this is a convenient place to organize such an electronic trading platform, because Türkiye has become a transit country for Europe,” Putin explained.

The Russian president also stressed that Türkiye's role as a transit country tends to increase.

In October 2022, Putin put forward the idea of creating a hub on Turkish territory, where the lost volume of transit through the Nord Stream could be redirected. 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.