Geopolitics

Putin announces Europe can use gas via Turkey!

Seetao 2022-10-20 10:36
  • Russian President Vladimir Putin says his country is ready to send gas to Europe
  • Turkey and Russia will jointly build a gas hub in Thrace, Turkey
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Gas prices have skyrocketed in Europe, and many countries, including Germany, are actively looking for new sources of energy imports. Turkish President Recep Tayyip Erdogan said in a speech on Oct 19, 2022 local time that Turkey and Russia have agreed that European countries can use Russian natural gas through Turkey.

In his speech, Mr Erdogan said Mr Putin himself had declared: "Europe can use gas through Turkey."

It is understood that Erdogan and Putin met on the sidelines of the Astana Summit on October 13. Putin proposed building a gas hub in Turkey, hailing the country as "the most reliable partner" for delivering gas to Europe. Later, Erdogan said Turkey and Russia would jointly build a gas hub in Turkey's Thrace region.

In addition, Turkish President Recep Tayyip Erdogan said at the CICA Summit on April 13 that his country's goal on the Ukraine issue is to achieve reconciliation between relevant parties as soon as possible.

Russian President Vladimir Putin said on Thursday (local time) that Russia is ready to send natural gas to Europe but will not sell energy to countries that impose price caps. Mr. Putin also proposed that Europe's largest natural gas hub could be built in Turkey.

Russian President Vladimir Putin told an energy forum in Moscow on Monday that one of the Nord Stream 2 branches is still working. Russia remains ready to supply energy under contract and is ready to supply more gas to Europe during autumn and winter. Mr. Putin said fixing the Nord Stream pipeline was possible, but only made sense if it could continue to operate safely.

In addition, Mr. Putin said Russia would not sell energy to countries that set price caps, which would not be in Russia's interest. Capping energy prices would worsen the global energy investment climate and hit the least developed countries and regions.

Russian PRESIDENT Vladimir PUTIN: If you limit the price of oil in Russia or other countries and impose artificial price ceilings, it will inevitably worsen the investment environment in the global energy sector, which will lead to global energy shortages and higher costs. I reiterate here that this will affect the least developed countries and regions.

Putin also said that if Russia's partners were interested, Russia could build Europe's largest gas hub in Turkey and divert transit traffic from the Nord Stream cut-off to the Black Sea region, thus creating the main route for Russian gas supplies to Europe through Turkey. Mr. Putin described such a solution as economically viable and with a much higher level of security.

The Nord Stream 1 and Nord Stream 2 pipelines, which carry gas from Russia to Germany under the Baltic Sea, had four leaks in the waters off Sweden and Denmark on September 26. The incident was widely regarded as "sabotage". Gazprom President Alexander Miller said it will take a long time to repair the damaged Nord Stream 1 and 2 pipelines. Editor/Xu Shengpeng