Turkiye to host a meeting of gas suppliers and buyers

Turkiye will host a meeting in Istanbul on February 14-15 which will bring together gas supplier countries and European consumers of the blue fuel, Turkish Energy Minister Fatih Dönmez announced, BNR reported.

We will bring together the supplying countries from the Middle East, the Mediterranean, the Caspian region and Central Asia with the consumers from Europe

Turkish Energy Minister Fatih Dönmez

Turkiye has little oil and gas is heavily dependent on imports from Russia, Azerbaijan and Iran, as well as liquefied natural gas (LNG) imports from Qatar, the United States, Nigeria and Algeria. After announcing a ten-year gas agreement with Oman, the minister stressed that the goal is to make Turkiye a gas trading center where its reference price is determined.

Last October, Russian President Vladimir Putin proposed the creation of a gas hub in Turkiye, the proposal following explosions that damaged Russia’s Nord Stream 1 and 2 gas pipelines under the Baltic Sea. But some Western capitals are concerned that a Turkish hub featuring Russian gas could allow Moscow to mask its exports of the blue fuel, which has been sanctioned by the West over Russia’s incursion into Ukraine.

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