Putin touts Turkey gas hub while Europe frets over supply | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
May 21, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, MAY 21, 2025
Putin touts Turkey gas hub while Europe frets over supply

World+Biz

Reuters
13 October, 2022, 04:55 pm
Last modified: 13 October, 2022, 07:48 pm

Related News

  • India cuts ties with Turkey amid growing boycott calls over Pakistan row
  • Istanbul peace talks lay bare chasm between Ukraine and Russia
  • Russia says Ukraine talks yielded a prisoner swap deal and an agreement to keep talking
  • An aide, a diplomat and a spy: Who is Putin sending to Turkey?
  • Turkey and PKK face a tricky path determining how militants will disband

Putin touts Turkey gas hub while Europe frets over supply

Reuters
13 October, 2022, 04:55 pm
Last modified: 13 October, 2022, 07:48 pm
Russia's President Vladimir Putin and Turkey's President Tayyip Erdogan meet on the sidelines of the 6th summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA), in Astana, Kazakhstan October 13, 2022. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS
Russia's President Vladimir Putin and Turkey's President Tayyip Erdogan meet on the sidelines of the 6th summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA), in Astana, Kazakhstan October 13, 2022. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS

President Vladimir Putin on Thursday touted Turkey as the best route for redirecting gas supplies to the Europe Union after the Nord Stream leaks, despite the region's growing efforts to wean itself off Russian energy.

Putin told his Turkish counterpart Tayyip Erdogan that Turkey could act as a gas hub, having suggested on Wednesday that Russia could reroute supplies intended for the Nord Stream pipelines under the Baltic Sea, which were damaged last month.

The mysterious pipeline blasts, blamed on sabotage by both Moscow and the West, has Europe on edge over energy security as it faces soaring prices since Russia's invasion of Ukraine.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

In a sign of the state of high alert, Norwegian police said they had dealt with a threat made by telephone against the Nyhamna gas processing plant, one of Europe's largest energy export facilities. A suspect had been identified and was known to have made similar threats in the past, the police said.

Norway has become an increasingly important source of gas for the EU and Britain after Russia curtailed supplies.

Meanwhile, Poland said it had begun repairs to a pipeline carrying Russian oil to Germany and that it did not think Tuesday's leak, which curtailed flows to a German refinery that is a major fuel supplier to the capital Berlin, was sabotage.

SOARING PRICES

The impact of efforts to use less Russian energy, plus steep cuts in supplies from Russia, have been felt across the 27-nation EU, with gas prices almost 90% higher than a year ago and fears of rationing and power cuts over the coming winter.

Putin said that increased cooperation with Turkey, which is not a member of the EU, could help to regulate prices.

"In the course of the work of this hub, which we could create together, of course, it would also be a platform not only for supplies, but also for determining the price, because this is a very important issue - the issue of pricing," Putin told Erdogan at a meeting in Kazakhstan.

"Today, these prices are sky-high; we could easily regulate [them] at a normal market level, without any political overtones."

Russia separately said it had summoned diplomats from Germany, Denmark and Sweden to complain that representatives from Moscow and gas company Gazprom had not been invited to join an investigation into the Nord Stream leaks.

Swedish and Danish authorities are investigating the blasts as sabotage but have not said who they think was behind them.

In Germany, there were signs that households and small and medium-sized businesses were heeding calls to cut energy usage as consumption last week fell below the average of previous years, partly thanks to warmer weather.

"These are just snapshots but we can see the first efforts to save," Bundesnetzagentur agency chief Klaus Mueller said, adding that savings of at least 20% were necessary even in cold weather to get Germany comfortably through the winter.

The EU is working on further measures to respond to the crisis, but Ireland's energy minister said he did not expect a price cap on gas for power generation to be agreed next week.

"I wouldn't rule it out but not immediately because there are huge potential adverse consequences and I don't think there will be agreement on that next week," Eamon Ryan told the Newstalk radio station.

Gas supply / Turkey / Putin / gas hub

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: TBS
    Which election to be held first depends on govt not us: EC Sanaullah on NCP’s demand to prioritise local govt elections
  • NBR officials hold press conference on 21 May 2025. Photo: TBS
    NBR officials announce non-cooperation from today, call for nationwide strike from Saturday
  • Ishraque's swear-in as mayor: Protesters block Nagar Bhaban, Matsya Bhaban, Kakrail
    Ishraque's swear-in as mayor: Protesters block Nagar Bhaban, Matsya Bhaban, Kakrail

MOST VIEWED

  • Photo: TBS
    Who should run Bangladesh's busiest container terminal?
  • Demra Police Station officials with singer Mainul Ahsan Noble following his arrest from Dhaka's Demra area in the early hours of 20 May 2025. Photo: DMP
    Singer Noble arrested, sent to jail after woman allegedly confined, raped by him for 7 months rescued
  • Saleh Uddin Ahmed. Sketch: TBS
    Large depositors in troubled banks to be offered shares, bonds: Salehuddin
  • Photo shows actress Nusraat Faria produced before the Chief Metropolitan Magistrate (CMM) Court on Monday, 19 May 2025. File Photo: Focus Bangla
    Nusraat Faria gets bail
  • Faiz Ahmad Taiyeb, special assistant to the chief adviser at the Ministry of Posts, Telecommunication and Information Technology speaks at a press briefing at the Foreign Service Academy on Tuesday, 20 May 2025. Photo: PID
    NoC is mandatory in installing Starlink connections: Taiyeb
  • Starlink could bring revolutionary changes to Bangladesh’s education, healthcare, business, and disaster management sectors. Photo: Collected
    Starlink now in Bangladesh: Package starts from Tk4,200 per month

Related News

  • India cuts ties with Turkey amid growing boycott calls over Pakistan row
  • Istanbul peace talks lay bare chasm between Ukraine and Russia
  • Russia says Ukraine talks yielded a prisoner swap deal and an agreement to keep talking
  • An aide, a diplomat and a spy: Who is Putin sending to Turkey?
  • Turkey and PKK face a tricky path determining how militants will disband

Features

Football presenter Gary Lineker walks outside his home, after resigning from the BBC after 25 years of presenting Match of the Day, in London, Britain. Photo: Reuters

Gary Lineker’s fallout once again exposes Western media’s selective moral compass on Palestine

16h | Features
Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

23h | Features
Photo: TBS

How Shahbagh became the focal point of protests — and public suffering

1d | Panorama
PHOTO: Collected

Helmet Hunt: Top 5 half-face helmets that meet international safety standards

2d | Wheels

More Videos from TBS

Endangered Khudi Date Palm Tree Discovered in the Sal Forests of Biral

Endangered Khudi Date Palm Tree Discovered in the Sal Forests of Biral

59m | TBS Stories
Army Chief Asim Munir becomes Pakistan's first Field Marshal after Ayub Khan

Army Chief Asim Munir becomes Pakistan's first Field Marshal after Ayub Khan

2h | TBS World
NCP protests demanding the restructuring of the Election Commission

NCP protests demanding the restructuring of the Election Commission

2h | TBS Today
Eid Travel: How to Get Advance Train Tickets

Eid Travel: How to Get Advance Train Tickets

4h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net