Putin, Erdogan and other leaders at the inauguration of TurkStream in 2020
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
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
