Turkey Postpones Gas Hub Summit to March 22 after Earthquake

Can Sezer
Friday, February 10, 2023

Turkey has postponed a natural gas summit due to be held on February 14-15 until March 22, an energy official said on Friday, after a major earthquake hit its southeastern region.

Setting up a gas hub in Turkey was first proposed by Russia's President Vladimir Putin after explosions damaged Russia's Nord Stream gas pipelines under the Baltic Sea. 

Turkey, currently imports all its gas needs and has extensive LNG import infrastructure. Ankara believes it can leverage its existing and new trade relations to become a gas hub. 

Turkey also plans to start offshore gas production this year and ramp-up output over the next few years. Separately, the Kremlin said on Thursday that the implementation of the Turkish hub had been delayed. 

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 Russia's invasion of Ukraine. 

(Reuters - Reporting by Can Sezer; editing by Jason Neely)


Categories: Energy Industry News Activity Europe Black Sea

Related Stories

Eni Agrees to Merge UK Upstream Assets with Ithaca Energy

DEME Scoops ‘Most Extensive’ Cabling Contract in Its History

Balmoral Comtec Expands Workforce Following Rosebank Win

Current News

Pioneering Spirit Booked for Gennaker Substation Installs

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

RTS Wind Lands Offshore Wind Services Deal with Ørsted

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

Subscribe for OE Digital E‑News