Turkey’s grand gas hub plan, part 1: Caspian commitments?
The country is looking to position itself as a bridge for gas supplies from east to west, but whether Europe will need this gas remains to be seen
Turkey is seeking to take advantage of the rupture in the Russia–EU gas trade by expanding its role as a gas hub, facilitating flows from major suppliers to its east and its own LNG import terminals to European markets to its west. Yet the potential rewards Ankara can reap from this strategy should not be exaggerated. Committing to more Azerbaijani gas carries risks, while accessing gas from Turkmenistan will prove politically difficult. Meanwhile, any Russian gas that Turkey tries to re-export to Europe will face heavy scrutiny. And, ultimately, Europe may simply not need as much gas as Turkey is willing to offer. Being the middleman By having a diverse range of gas suppliers for its own ne
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals