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Putin says Russia supplies Türkiye up to 30 bcm of gas
Speaking at the eighth summit of the Gas Exporting Countries Forum in Moscow, Vladimir Putin said Russia supplies Türkiye with up to 30 billion cubic meters of gas, significantly more than Azerbaijan. The president said Moscow does not regard Baku as a competitor and is ready to cooperate.
Russian President Vladimir Putin said on October 27, at the plenary session of the eighth summit of the heads of state and government of the Gas Exporting Countries Forum (GECF) in Moscow, that Russia supplies Türkiye with up to 30 billion cubic meters of gas.
Putin cited the figure while commenting on remarks by Azerbaijan’s Energy Minister Parviz Shahbazov, who mentioned Azerbaijani gas supplies to Türkiye. “Russia supplies Türkiye with—if I am mistaken, Mr. Miller, the head of Gazprom, will correct me—up to 30 billion cubic meters of gas. Thirty billion,” the president said.
“We do not see ourselves as competitors”
“This is, of course, significantly more than what Azerbaijan supplies, but we do not see ourselves as competitors. On the contrary, we are ready to cooperate,” Putin said. He added that Moscow is engaged in active dialogue with Azerbaijani President Ilham Aliyev, including on expanding cooperation in the gas sector, and sees good prospects in this area.
Gas demand will continue to grow
In the main part of his speech, Putin noted that gas currently accounts for one-quarter of the global energy mix. Global gas consumption rose by 1.2% last year to 4.2 trillion cubic meters, while demand is forecast to reach 5.5 trillion cubic meters annually by the middle of the century. International supplies are expected to increase by approximately half, reaching 1.7 trillion cubic meters.
The president said the forum’s member states, which established the organization 25 years ago, account for 70% of the world’s natural gas reserves and about 40% of global exports.
Three priorities for the forum
Putin proposed expanding consultations within the GECF on crisis situations in the gas market to assess risks in a timely manner, including physical threats to gas infrastructure, and coordinate approaches to supplies. He cited the experience of balancing the oil market through the “OPEC+” format as an example.
Among the other priorities, the president identified encouraging long-term investment in the gas industry through long-term contracts, as well as technological cooperation among gas-exporting countries. “Russia is open to cooperation and to exchanging technological developments in the gas sector,” he said.
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