The Power of the Gas Center: How Turkey and Surrounding Countries Benefit from Its Presence

Russia, Azerbaijan and Iran, as well as LNG exporters, can become gas suppliers through the Turkish “gas hub”, said Yevgenia Popova, an analyst at Vygon Consulting.

And Popova considered that the center, most likely, will become “first of all, the base for pipeline supplies to the countries of southern and southeastern Europe, and may also become a” new point “for the creation of an electronic trading platform, and may become a regional price standard.”

Popova believes that “Russia, Azerbaijan, Iran, Turkmenistan and other LNG suppliers (Algeria, Qatar, the USA, etc.) may become gas suppliers in the future.”

Earlier, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan instructed to quickly work out the issue of creating a Russian gas center in Turkey.

The idea is to divert Russian natural gas from the Nord Stream gas pipelines to the Black Sea region and Turkey, as Erdogan believes Europe can get Russian gas through Turkey.

Turkish Minister Donmez previously reported that the gas distribution center under the Russian-proposed GC project would be located in Thrace, the European part of the country.

Source: News

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