https://sputnikglobe.com/20230408/turkiye-starts-legislative-process-for-russia-proposed-gas-hub-project-1109266188.html
Turkiye Embarks on Easing Legislation for Russia-Proposed Gas Hub Project
Turkiye Embarks on Easing Legislation for Russia-Proposed Gas Hub Project
Sputnik International
Turkiye has initiated the process of introducing legislative amendments for the gas hub project proposed by Russia, Turkish Energy Minister Fatih Donmez said on Saturday, adding that the changes are expected to be approved by Turkish President Recep Tayyip Erdogan.
2023-04-08T08:55+0000
2023-04-08T08:55+0000
2023-04-08T12:53+0000
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The minister estimated that his country has the capacity to import up to 100 billion cubic meters of natural gas, 60% of which will be consumed domestically and 40% can be sold to neighboring countries.Donmez then stated that Russia covers around one third of Turkiye's demand for natural gas.On Thursday, Turkish media reported that the country's parliament had approved changing the structure of state-owned oil and gas company Botas with a view to enabling the creation of a Russia-proposed gas hub project. In early March, Donmez said that the gas hub project would need the parliament's approval as it entails legislative changes.
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Turkiye Embarks on Easing Legislation for Russia-Proposed Gas Hub Project
08:55 GMT 08.04.2023 (Updated: 12:53 GMT 08.04.2023) ANKARA (Sputnik) - Turkiye has initiated the process of introducing legislative amendments for the gas hub project proposed by Russia, Turkish Energy Minister Fatih Donmez said on Saturday, adding that the changes are expected to be approved by Turkish President Recep Tayyip Erdogan.
"We have an opportunity to become an important center of [gas] trade to Eastern European countries. We have taken steps to this end. When our president approves changes to the bill passed by the parliament, new legal measures will be established. The old law regulated the domestic market. It was more restrictive. With the new law, we have ensured greater freedom," Donmez said.
13 December 2022, 16:09 GMT
The minister estimated that his country has the capacity to import up to 100 billion cubic meters of natural gas, 60% of which will be consumed domestically and 40% can be sold to neighboring countries.
Donmez then stated that Russia covers around one third of Turkiye's demand for natural gas.
"We receive one third, about 30 percent, of the gas we need from Russia. We also receive gas from Azerbaijan and Iran," he said.
On Thursday, Turkish media reported that the
country's parliament had approved changing the structure of state-owned oil and gas company Botas with a view to enabling the creation of a Russia-proposed gas hub project. In early March, Donmez said that the gas hub project would need the parliament's approval as it entails legislative changes.
