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Russia and Turkey begin work on natural gas hub – Gazprom — RT Business News

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The goal is to ensure transparent and fair pricing in the global energy market, CEO Aleksey Miller said.

Moscow and Ankara have started joint work on creating a natural gas distribution center in Turkey, revealed Aleksey Miller, the head of Russian energy giant Gazprom.

The initiative aims to ensure transparent and fair pricing in the natural gas market, according to Miller.

The idea of ​​creating a gas supply hub in Turkey was proposed by Russian President Vladimir Putin in October. The president said this would allow Russia to redirect transits away from damaged Nord Stream gas pipelines to the Black Sea region. He also noted that the gas hub would not only serve as a distribution platform, but could also be used to determine gas prices and avoid the “politicization” of energy.

Turkish President Recep Tayyip Erdogan welcomed the idea, saying the EU would be able to purchase Russian gas through his country.

Meanwhile, many Western countries, including the United States, criticized the plan. US State Department spokesman Vedant Patel reiterated that Washington continues “to urge our allies to take steps to diversify their energy sources, in order to reduce energy dependence on Russia.”

READ MORE:
Turkey to complete gas hub roadmap by year-end – energy minister

It was echoed by French President Emmanuel Macron, who claimed that the proposal to turn Turkey into a gas hub “that does not make any sense,” as Europe aims to wean itself off Russian energy.

Russian Deputy Prime Minister Alexander Novak said this week that Moscow and European energy importers were actively discussing increasing gas supplies through Turkey after the hub was established.

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