Putin’s Proposal for Erdogan | Russian Gas via Turkey? Türkiye is Turning Into A GAS HUB For Europe?

Putin’s Proposal for Erdogan | Russian Gas via Turkey? Türkiye is Turning Into A GAS HUB For Europe?

RUSSIA Asks TURKEY to Become a HUB to Sell Russian Gas to Europe as Volumes & Revenues Fall

Turkey to become the next dominant gashub backed by Russia. Turkey certainly believes that they can become a powerful player in the European energy market and this could potentially help Turkey’s failing economy.

Decades of Russian dominance in the energy marke as well as the ongoing war between ukraine and russia has forced Europe to look for other gas suppliers. Especially when you take EU Commission’s latest anti-Russia energy plan into account that says that Russian gas must be phased out by 2027.” long live the EU

But regardless of how the leaders of the EU feel, one thing is clear: Europeans need gas, so European countries seek to buy the blue fuel on the open market, in special gas hubs.

Taking advantage of the moment, is Turkey as Erdogan wants to build its own hub. The Turkish president plans to unite all suppliers from his region, including Russia, and gain influence in the open market.

Hi. Welcome to Investors reality.

This video is the next in a series looking at the financial implications of the current global crises from a geopolitical view.

And itoday I want to talk about the supply of gas. President Putin has actually suggested that Turkey should establish itself as a hub for European gas supplies, with the idea being that Russia will supply Turkey with all of the wholesale gas and that Turkey will then sell all of that gas on to other countries and it seems thatTurkey is keen to start this project.

So, we’ll look at the practicalities of whether or not Turkey could establish itself as a gas hub. A look at the pipelines that feed into Turkey, in the pipelines that come out. We’ll have a look at the European network of gas pipelines and see whether or not it would be practical for those pipelines to connect into the pipelines from Turkey.

We’ll have a look at which other countries supply Turkey directly via pipeline and how much gas reserves they have and whether or not it would be possible for those countries to supply gas to Europe via Turkey. And in the end we will look at how Turkey believes to circumvent EU sanctions regarding buying Russian gas.

Now if this sounds good than please hit the like and subscribe to the channel. My name is nicu harajchi and this is my reality.

In September, the key Russian gas pipelines Nord Stream 1 and Nord Stream 2 exploded as a result of sabotage.
Nordstream 1&2 were supposed to be an alternative, for the transit of natural gas through the territory of Ukraine,

Furthermore According to Polish media , at the end of April, Russia stopped pumping gas through Poland. Later, the Bloomberg reported that Russia is gradually reducing transit through Ukraine.

As a result, in 2022 Gazprom will deliver 33% or 50 billion cubic meters less gas to the EU than in 2021. The countries of the block annually consume about 400 billion cubic meters , so this year they will not even receive 12.5% ​​of the required volume.

Eventhou before the sabotage on the Nord Streams, the EU countries had time to prepare for this winter and filled the storage facilities to almost 100%. But where to get gas for next winter is a big question.

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