LNG

Turkish President Recep Tayyip Erdogan said in a speech that Turkey, an LNG importer, was continuing to prepare for the creation of a natural gas hub for Russian pipeline gas on its territory and a road map was being drawn up and aimed at supplying the European Union.

Russian natural gas pipeline supplier Gazprom said it was ready in technical terms to build new gas pipelines to Turkey via the Black Sea and building on existing TurkStream and BlueStream links rather than restoring the damaged Nord Stream pipelines linked to Germany under the Baltic Sea.

Turkey has defended its natural gas storage policies as it increases shipments of LNG from the US while also receiving gas supplies from Russian pipelines and from neighbouring Iran.