AVN 46.68 Decreased By ▼ -0.23 (-0.49%)
BAFL 28.59 Increased By ▲ 0.09 (0.32%)
BOP 3.70 Increased By ▲ 0.08 (2.21%)
CNERGY 3.11 Decreased By ▼ -0.03 (-0.96%)
DFML 10.68 Increased By ▲ 0.08 (0.75%)
DGKC 53.81 Increased By ▲ 2.85 (5.59%)
EPCL 42.52 Increased By ▲ 0.02 (0.05%)
FCCL 12.16 Increased By ▲ 0.30 (2.53%)
FFL 5.90 No Change ▼ 0.00 (0%)
FLYNG 6.00 Increased By ▲ 0.16 (2.74%)
GGL 9.88 Decreased By ▼ -0.04 (-0.4%)
HUBC 68.53 Increased By ▲ 0.63 (0.93%)
HUMNL 5.64 Increased By ▲ 0.12 (2.17%)
KAPCO 21.90 Decreased By ▼ -0.19 (-0.86%)
KEL 1.77 Increased By ▲ 0.01 (0.57%)
LOTCHEM 28.27 Increased By ▲ 1.37 (5.09%)
MLCF 28.39 Increased By ▲ 0.54 (1.94%)
NETSOL 72.58 Decreased By ▼ -0.12 (-0.17%)
OGDC 75.34 Increased By ▲ 0.04 (0.05%)
PAEL 9.22 Increased By ▲ 0.05 (0.55%)
PIBTL 4.22 Increased By ▲ 0.27 (6.84%)
PPL 58.06 Decreased By ▼ -0.04 (-0.07%)
PRL 14.06 Decreased By ▼ -0.21 (-1.47%)
SILK 1.11 Decreased By ▼ -0.03 (-2.63%)
SNGP 40.69 Increased By ▲ 0.02 (0.05%)
TELE 6.59 Decreased By ▼ -0.08 (-1.2%)
TPLP 11.73 Decreased By ▼ -0.05 (-0.42%)
TRG 93.49 Decreased By ▼ -0.31 (-0.33%)
UNITY 13.03 Increased By ▲ 0.12 (0.93%)
WTL 1.17 Decreased By ▼ -0.01 (-0.85%)
BR100 4,131 Increased By 4.9 (0.12%)
BR30 14,077 Increased By 105.9 (0.76%)
KSE100 41,353 Increased By 86.2 (0.21%)
KSE30 14,664 Increased By 5.9 (0.04%)
Follow us

MOSCOW: President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU.

An investigation is under way into explosions last month that ruptured the Russian-built Nord Stream 1 and Nord Stream 2 pipelines on the bed of the Baltic Sea.

Putin said it was possible to repair the pipelines and that Russia and Europe should decide their fate.

“We could move the lost volumes from the Nord Streams along the bottom of the Baltic Sea to the Black Sea region and thus make the main routes for the supply of our fuel, our natural gas to Europe through Turkey, creating the largest gas hub for Europe in Turkey,” he told an energy conference in Moscow.

“That is, of course, if our partners are interested in this. And economic feasibility, of course.”

Putin says ‘ball in EU court’ on restarting Nord Stream deliveries

The problem is that European Union countries are trying to end their reliance on Russian oil and gas after Putin sent troops into Ukraine as part of what he calls a special military operation. Turkish Energy Minister Fatih Donmez, speaking at the same conference in Moscow, said the idea was new to him but should be discussed.

“It is the first time we’ve heard this. Thus it is early to make an assessment,” Donmez said. “These are things that need to be discussed.”

Comments

1000 characters

Putin moots gas hub in Turkey with Nord Stream supplies

Virtual pipeline LNG import terminal: Govt mulling granting tax exemptions

$5bn trade with Turkiye achievable in 3 years: PM

AEDB grants 6-month LoI extension to two wind IPPs

IK says will be tried in military court

Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024

Power supply to Balochistan and Sindh will improve: NTDC energises Guddu-Shikarpur transmission line

Roosevelt Hotel given to NYC govt for 3 years: govt

PIA starts direct Karachi-Skardu flights

Crackdown on tax defaulting vehicles to begin today

Israel buries three soldiers killed near Egypt border