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
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
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks