Turkish Minister of Energy and Natural Resources Fatih Demez said in an interview broadcast on the 8th that in order to promote the natural gas hub construction project proposed by Russia, Turkey has started the relevant law revision process.
According to Turkey's "Morning News" reported on the 6th, the Turkish parliament has approved the state-owned enterprise Bottash Oil and Gas Pipeline Company to adjust its structure and set up new departments and subsidiaries within the enterprise to promote the construction of the Turkish-Russian natural gas hub project. According to this media outlet, this will lay the groundwork for the participation of Turkish private enterprises in gas imports.
In an interview with CNN Turkey, Denmetz said about a third of Turkey's natural gas needs comes from Russia. Turkey has the opportunity to become an important natural gas trading center for Eastern European countries, and Turkey has taken measures to this end.
"When the amendments to the laws passed by the (Turkish) Parliament are approved by the President, new legal measures will be established. The old law regulated the domestic market and had more restrictions; With the new law, we can ensure greater freedom. Demmetz said.
In October last year, the leaders of Russia and Turkey instructed relevant departments to plan the construction of a natural gas hub in Turkey, hoping that after the "Nord Stream" pipeline that transports natural gas from Russia to European countries through the Baltic Sea was damaged, Turkey could continue to transmit gas to Europe. Russian Deputy Prime Minister Alexander Novak said that Russia is not only considering setting up a natural gas trading platform in Turkey, but also investing in infrastructure construction to increase gas transmission to European countries. Countries such as Algeria, Qatar and Azerbaijan could also participate in the project.
Gazprom announced in December last year that Russia and Turkey had started a project to build a gas hub in Turkey. Russian Foreign Minister Sergey Lavrov talked about the construction of a natural gas hub during a meeting with Turkish President Recep Tayyip Erdogan and Foreign Minister Mevlüt Cavusoglu in Ankara, the capital of Turkey, on the 7th of this month.
From: CCTV News
Source: CCTV4