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Turkish President Recep Tayyip Erdogan makes a speech as he attends a ceremony marking the completion of an underground gas storage project at the Silivri Natural Gas Storage Facility in Istanbul, Turkiye, December 16, 2022. /CFP
Türkiye is working toward becoming a global energy hub capable of determining benchmark prices for natural gas, Turkish President Recep Tayyip Erdogan announced on Friday.
The Thrace region in northwestern Türkiye, bordering both Greece and Bulgaria, will be built into a hub for both natural gas and liquefied natural gas (LNG), Erdogan said at a ceremony marking the completion of an underground gas storage project at the Silivri Natural Gas Storage Facility in Istanbul, which he called the largest in Europe.
"Our aim is to transform our country into a global center where the natural gas reference price is determined as soon as possible," said Erdogan, according to TRT World.
Erdogan said he had already discussed the matter with his Russian counterpart Vladimir Putin, and that the necessary steps were already being taken.
In mid-October, Putin proposed constructing Europe's largest gas hub in Türkiye and rerouting gas that can no longer flow through the Nord Stream pipelines to the hub. Earlier this month, Erdogan announced that Ankara was preparing to establish the gas hub project suggested earlier by Putin.
The Turkish president on Friday also announced that his country plans to reduce its dependency on foreign energy from 71 percent to 13 percent by 2053.
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Disinformation report hotline: 010-85061466