Türkiye may liquefy imported gas for further sale

The Turkish Parliament is considering a bill that will allow the use of installations to liquefy both domestically produced and imported natural gas for further resale, the Turkish newspaper Ekonomim said, Report informs via TASS.

The approval of the bill, the publication notes, will allow Türkiye to become a center for trading natural gas thanks to the ability to sell it in the form of LNG on world markets. Liquefied natural gas plants can be established in renewable energy zones declared by the Turkish Ministry of Energy and Natural Resources.

In October 2022, Russian President Vladimir Putin put forward the idea of creating a hub on Turkish territory where the lost volume of transit through the Nord Stream gas pipeline could be redirected. Speaking on September 4, 2023, in Sochi following negotiations with Turkish leader Recep Tayyip Erdogan, Putin said that Gazprom had handed over to the Turkish state-owned company a draft road map for the implementation of the gas hub project.

The project could begin in 2024, and the roadmap will be adopted soon.