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Kremlin Refers to Turkish Gas Hub as "Complex Project"
The Kremlin said Monday that work to create a gas hub in Turkey was a complex project that would require time to come to fruition.
- The hub has been publicly supported by both Erdogan and Putin, though details around how it will work remain unclear. Many European leaders have stated their distrust towards importing gas from such a setup.
- As well as a Turkish gas hub, Russia is hosting Chinese President Xi this week with gas discussions likely to be a key part of the agenda as Russia aims to shift more volumes east.
- Russian gas infrastructure is geared up to move volumes west meaning it requires commitments from new trading partners like China to support huge infrastructure projects required to redirect flows longer term.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.