US EditionGazprom Drops Ambitious Turkish Gas Hub Plan to Supply Europe
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Gazprom's monthly revenues from gas exports to Europe amounted to approximately eight billion dollars before the war in Ukraine began.
Gazprom Drops Ambitious Turkish Gas Hub Plan to Supply Europe
Russia’s state-owned energy giant Gazprom has dropped plans to develop a major natural gas hub in Turkey, effectively shelving a proposal once touted as a key alternative for restoring Russian gas flows to Europe after the disruption of the Nord Stream pipelines. The decision, first reported by Bloomberg, was attributed to a combination of technical limitations, political disagreements, and commercial obstacles. Sources familiar with the matter …
The Russian company will now not be able to restore even part of gas supplies to Europe, which previously brought about $8 billion a month
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