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Turkey Midstream Gas
Tim Crawford
16 October 2024
Follow @PetroleumEcon
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Turkey’s grand gas hub plan, part 2: The Russia question

The EU may be officially phasing out Russian gas, but in reality there remains potential for Turkey to help Moscow repackage its molecules for westward transit

Turkey is aiming to position itself as a gas hub for transiting volumes from east to west, and along with Azerbaijani and Turkmen gas, there is the prospect of re-exporting Russian gas to any European markets still willing to take it.   Russia is anxious to keep as much gas flowing westwards as possible after the collapse in its exports to Europe in 2022 and amid the risk of disruption to the remaining flows transiting Ukraine.   The EU’s stated aim is to eliminate Russian gas imports almost completely by 2027. This goal may be postponed, but unless there is a radical improvement in Russia–EU relations, Brussels will continue to pursue the target. Non-EU countries could buy more gas from Rus

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Israel-Iran war imperils Egypt’s energy supply
18 June 2025
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
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18 June 2025
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The oil risk premium fable
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Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Look again at African oil and gas investment
17 June 2025
Sound development planning is essential in this diverse and rapidly evolving region

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