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Putin invited Erdogan to determine the price of gas at a hub in Turkey

Russia (bbabo.net), - The President of Russia offered the head of Turkey a gas hub, where gas prices can be determined.

“If Turkey or our potential buyers in other countries are interested, we could consider building another gas pipeline system and creating a gas hub in Turkey for sale to other countries,” Vladimir Putin said during talks in Astana with Turkish President Vladimir Putin.

The President of Russia noted that Turkey turned out to be the most reliable partner in transporting gas to European countries. And the gas hub could become a platform for determining the price of gas in order to exclude politicization.

“Today these prices are exorbitant (in the EU), we could easily regulate them at a normal market level, without any political overtones,” Vladimir Putin told Recep Tayyip Erdogan.

As bbabo.net reported, Vladimir Putin made a proposal for a new gas hub in Turkey yesterday - at the Russian Energy Week in Moscow. The head of Gazprom, Alexei Miller, confirmed that laying new gas pipelines to Turkey is faster than restoring Nord Stream.

“This is not a new idea,” Aleksey Grivach, deputy director of the National Energy Security Fund (NESF), told bbabo.net. - It was already discussed in 2014, when Bulgaria, under pressure from senior comrades, disrupted the implementation of the South Stream project. Then we immediately agreed with Turkey to redirect all four planned lines to its coast with the further creation of a gas distribution hub on the border of Turkey and the EU / This prospect was very frightened in Western Europe, after which we proposed instead of a large project in the direction of Turkey to build another gas pipeline through the Baltic sea, so as not to become overly dependent on Turkish transit."

Independent industrial expert Maxim Khudalov said that the idea of ​​a hub is certainly interesting against the backdrop of discrediting the TTF hub and pricing principles in the EU.

“Thus, a hub in Turkey may well take place, but it will not yet be possible to make it a generally accepted benchmark, which, however, does not negate the possibility of completing the construction of additional trunk pipelines, as well as LNG liquefaction and regasification plants,” the expert noted.

Putin invited Erdogan to determine the price of gas at a hub in Turkey