President Vladmir Putin had a meeting with Turkish president Tayyip Erdogan, to tout the route for redirecting gas supplies to the European Union after the Nord Stream leaks. The same day Angela Merkel, the former German prime minister, took decisions over buying large quantities of natural gas from Russia, which was the main supplier of gas in the country when she left office.
Speaking during a conference, President Vladmir Putin and Turkish president Tayyip Erdogan talked about Turkey could have a gas hub, and that Russian could supply it for the Nord Stream pipelines under Baltic Sea, which were damaged last month, which are believed to be the result of a sabotage.
«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.
Meanwhile, Angela Markel, the former German prime minister, when she was in Lisbon this Wednesday, defend the actions of the German government to buy large quantities of natural gas from Russia, adding that she did not regret of this and that the country needs to diversify its energy supplies and natural gas would be needed during that transitional period.
The impact of having used less Russian energy has been felt in the EU nations, with prices of almost 90% higher than a year ago, and these countries have been afraid of an increasing energy price and power cuts for the coming winter.