Erdogan: Turkey will buy Russian gas

Russia’s President Vladimir Putin (L) shakes hands with his Turkish counterpart Tayyip Erdogan during a meeting at the Presidential Palace in Ankara, December 1, 2014. (Reuters)

Turkey will buy Russian gas from the South Stream undersea pipeline project via a hub near its border with Greece, President Tayyip Erdogan told a joint news conference with Russian President Vladimir Putin on Monday.

“Both sides are working on turning the preliminary deal into a definite, finalized deal as soon as possible,” Erdogan said.

“These steps will include us benefiting from (the project) to meet our natural gas needs and forming a distribution hub on our Greek border to meet the demand from there.”

Meanwhile, Russia’s Gazprom on Monday cancelled a project to construct the South Stream pipeline to supply gas to southern Europe - an apparent casualty of the dispute between Moscow and the West over Ukraine.

The announcement was made after Putin said earlier on Monday that Moscow could not carry on with the South Stream project if the European Union was opposed to it.

“The project is closed. This is it,” Gazprom chief executive Alexei Miller told reporters.

The planned $40 billion Gazprom-led pipeline was supposed to cross the Black Sea to southern Europe via Bulgaria and had been intended to start supplying gas next year.

Western powers have introduced economic sanctions against Russia over the Ukraine conflict and Europe is keen to lower its dependence on Russian gas supplies.

 

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Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44
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