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Putin puts "gas hub" plan to Turkey's Erdogan

ASTANA (Reuters) -Russian President Vladimir Putin told his Turkish counterpart Tayyip Erdogan on Thursday that Turkey was the most reliable route to deliver gas to the European...
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ASTANA (Reuters) -Russian President Vladimir Putin told his Turkish counterpart Tayyip Erdogan on Thursday that Turkey was the most reliable route to deliver gas to the European Union and proposed to build what he called a supply hub there.

The proposal comes as Russia looks to maintain its energy leverage over Europe while redirecting supplies away from the Nord Stream Baltic gas pipelines, damaged in explosions last month that are still under investigation.

"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."

Putin first suggested on Wednesday that Russia could create a major gas hub in Turkey by redirecting supplies intended for the damaged Nord Stream undersea pipelines. Swedish and Danish authorities are investigating the blasts as acts of sabotage but have not yet said who they believe was responsible.

In the televised exchange between the two leaders, Erdogan did not comment on the gas hub idea.

Erdogan has sought to mediate between Moscow and Kyiv since Putin invaded Ukraine on Feb. 24. He achieved a rare diplomatic breakthrough when, together with the United Nations, he brokered an agreement in July allowing for the resumption of commercial Ukrainian grain exports from Black Sea ports that Russia had blockaded.

Putin said at Thursday's meeting that not enough of the grain was going to the poorest countries. Russia also says its own grain and fertiliser exports, while not directly targeted by Western sanctions, are being hampered by problems with access to foreign ports and difficulties in obtaining insurance.

Erdogan told Putin: "We are determined to strengthen and continue the grain exports under the Istanbul agreement and the transfer of Russian grain and fertiliser to less developed countries via Turkey."

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EUR/USD

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USD/JPY

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Siemens AG Class N

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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