Turkey shows Europe its gas hand
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
Turkey could increase gas exports to Europe to as much as 10bcm/yr, Turkish energy minister Alparslan Bayraktar has said. Bayraktar's suggestion came with the twin caveats that investments would need to be made to expand the capacity of Turkey's existing pipeline interconnections with Greece and Bulgaria, and perhaps—more significantly—that Europe would need to show "political will and commitment". It is an offer which—given Europe's pressing need to find new sources of gas in the wake of Russia's invasion of Ukraine and the subsequent sanctions—is bound to receive serious consideration both by European gas buyers and Brussels. However, Turkey is not a net gas producer, it is a major import

Also in this section
2 May 2025
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
2 May 2025
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
1 May 2025
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations