Independent and cutting-edge analysis on Turkey and its neighborhood

Turkey and Russia have been engaged in what amounts to bargaining over the realization of a range of energy projects, which demarcate the contours of a grand energy package. Russia is keen to secure Turkey’s backing for its flagship South Stream gas pipeline project and this could give Ankara leverage in its negotiations with Moscow. The Russian authorities are also interested in the possibility of constructing an oil refinery and gas liquefaction plant at Ceyhan, building gas storage units in central Anatolia, and acquiring stakes in Turkey’s gas distribution network. Turkish energy officials have been seeking to secure Moscow’s firm support for the Samsun-Ceyhan oil pipeline project. The Turkish State Pipeline Corporation (BOTAŞ) is hoping for the easing of take-or-pay obligations from Gazprom and wants to import Russian gas at a cheaper price. Turkish energy officials have also sought re-export rights for Russian gas delivered to the Turkish market.

 

CONTRIBUTOR
Cenk Sidar and Gareth Winrow
Cenk Sidar and Gareth Winrow
From the Desk of the Editor TPQ’s Winter issue examines global trade dynamics—from US-China tensions to the renegotiation of the North American Free Trade Agreement (NAFTA) to US tariff threats towards the EU. Chief among the issues generating a high degree of economic uncertainty is the US-China trade conflict and the magnitude of the emerging global fallout. Major changes are already afoot—namely a shift...
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