(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 8. Turkish BOTAS and
Azerbaijani SOCAR (State Oil Company of Azerbaijan) have
established a new company to sell gas to Europe, Turkish Energy and
Natural Resources Minister Fatih Donmez said in an interview with
CNN Turk, trend reports.
"We have announced the goal of becoming a gas trading center,
and Azerbaijan also supports us in this matter. The Balkan
countries request gas from us and Azerbaijan. We'll act on this
issue together," the minister said.
Previously, Donmez said that the Turkish Parliament has started
the process of amending legislation which is necessary for the
start of the international gas trade center (gas hub).
"The first legislative decisions in the framework of the gas hub
passed through the parliament. Due to these decisions, BOTAS
Petroleum Pipeline Corporation, the state-owned crude oil and
natural gas pipelines and trading company and other companies will
be able to work much faster and easier. With the launch of the gas
trade center, prices will also decrease, which is essential for
Europe. Türkiye will become one of the markets defining the
benchmark," the minister said.
Donmez also noted that the country is considering options for
cooperation with other countries for the transportation and sale of
gas to Europe. In particular, there are agreements regarding
Azerbaijan on the establishment of a joint venture.
MENAFN08042023000187011040ID1105965178
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.