Türkiye plans natural gas summit in Istanbul next month -energy minister
"We will bring together supplier countries from Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe," Dönmez said.
- Economy
- Reuters
- Published Date: 11:20 | 30 January 2023
- Modified Date: 12:14 | 30 January 2023
Türkiye will hold a natural gas summit on Feb. 14-15 to bring together gas supplier countries and Europe's consumer countries in Istanbul, Turkish Energy Minister Fatih Dönmez said on Monday.
"We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe," Dönmez said.
Türkiye, which has little oil and gas, is highly dependent on imports from Russia, Azerbaijan and Iran, as well as LNG imports from Qatar, the United States, Nigeria and Algeria for its gas.
In October, Russia's President Vladimir Putin proposed setting up a gas hub in Türkiye following explosions that damaged Russia's Nord Stream gas pipelines under the Baltic Sea.
Türkiye has the infrastructure and experience in gas trade and authorities are taking steps for it to be a hub where regional benchmark prices are set, Dönmez said.
"Our target is to bring together supplier and consumer countries and become the gas-trading center where the benchmark price of gas is set," Dönmez said after separately announcing a 10-year gas deal with Oman.