Turkey 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 Donmez said on Monday.
"We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe," Donmez said.
Turkey, 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.setting up a gas hub in Turkey following explosions that damaged Russia's Nord Stream gas pipelines under the Baltic Sea.
Some Western capitals were concerned that a Turkish hub including Russian gas could allow Moscow to mask exports that are sanctioned by the West over the Russian invasion of Ukraine. Turkey 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, Donmez 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," Donmez said after separately announcing a
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Turkey alerts citizens to risk of attack in United States, Europe on heels of Western warningsTurkey warned its citizens on Saturday against 'possible Islamophobic, xenophobic and racist attacks' in the United States and Europe after its Western allies cautioned their citizens in Turkey about possible terror attacks.
Read more »
France extends mandatory COVID tests for Chinese travellers until Feb 15France has extended mandatory COVID tests for travellers from China until Feb. 15, a government decree published on Saturday showed.
Read more »
RBI to hike repo rate by 25 bps in Feb, ending tightening cycle: Reuters pollThe Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found.
Read more »
Super Bowl 2023: Kansas City Chiefs, Philadelphia Eagles to Face Off on Feb. 12The game will air live on Fox from State Farm Stadium in Glendale, Arizona.
Read more »
Exclusive: Top U.S. Treasury official to warn UAE, Turkey over sanctions evasionThe U.S. Treasury Department's top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose U.S. market access if they do business with entities subject to U.S. curbs as Washington cracks down on Russian attempts to evade sanctions imposed over its war in Ukraine.
Read more »
Sorry, Turkey is staying in NATOTurkey is the red-headed step-child of NATO. With a history of military coups, a penchant for internal crackdowns on dissent, and a big nationalist streak, the Mediterranean power's internal politics have always been complicated. This is certainly the case with current President Recep Tayyip…
Read more »