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Putin proposes to ramp up Russian gas supplies via Turkey

Speaking with his Turkish counterpart, Recep Tayyip Erdogan in Astana on Thursday, Russian President Vladimir Putin proposed that Moscow could export more gas via Turkey and turn it into a new supply hub.

Meeting with Mr Erdogan during the Conference on Interaction and Confidence Building Measures in Asia in Astana, he praised Turkey as the most reliable partner for gas deliveries to Europe, reports Turkey’s state-run news agency.

Russia continues gas deliveries via the TurkStream gas pipeline, which allows Moscow to bypass Ukraine as a transit route to Europe and carries Russian natural gas to Southern Europe through the Black Sea and Turkey.

The pipeline has an annual capacity of 31.5 billion cubic metres (bcm) and consists of two lines. The first one feeds gas to Turkish customers, while the second is intended to supply gas to consumers in the south and southeast regions of Europe, including Serbia and Hungary.

With the Nord Stream pipelines damaged in explosions last month that are still under investigation, Russia is looking for opportunities to redirect its gas supplies to Europe.

The Russian President said that Turkey could become a new supply hub, which would be “a platform not only for gas deliveries but also for determining the price because this is a very important issue”.

“Today, prices are volatile, and we could easily regulate them at a normal market level, without any political overtones,” he added.

Vladimir Putin also said that the construction of the Akkuyu nuclear power plant in Mersin, southern Türkiye is going according to the schedule, and it might be able to start operations next year, the 100th anniversary of the Turkish Republic.

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