Turkey is ready to become ‘a centre for determining gas prices’, the Turkish Foreign Minister Mevlut Cavusoglu said in Istanbul on Fridayduring a meeting with his Qatari counterpart Mohammed bin Abdulrahman Al Thani.
Cavusoglu added that Russian President Vladimir Putin’s proposed project would require additional investment to be worked out.
“There are investments to be made for this, these need to be examined, and additional pipelines and facilities need to be built in Turkey,” the diplomat mentioned. “Of course, the stock market can be formed, but gas in Turkey needs to come from a certain number of countries to determine prices, we have reached that number. Even now, we have gained the identity of being a centre for determining gas prices.”
Russian President Vladimir Putin suggested creating a gas hub in Turkey to supply other countries. He said this in Astana on Thursday, October 13, during a meeting with Turkish President Recep Tayyip Erdogan.