Independent and cutting-edge analysis on Turkey and its neighborhood

This article aims to explore the real potential of Turkey to become a regional natural gas hub by focusing on the current situation of gas producing countries around Turkey, and then moving to the future prospects of gas cooperation in the region. To this end, the article provides an assessment of both the current situation and future outlook of gas markets in Azerbaijan, Turkmenistan, Iraq, Iran, Israel, and Cyprus, subsequently providing a discussion of the future prospects of the Southern Gas Corridor and the potential Eastern Mediterranean Gas Corridor. This analysis demonstrates that Turkey will difficulty become a regional gas hub in the medium term (up to 2020-25), while it could have the potential to play an important role in the regional gas markets in the longer term (after 2025-30). This longer term potential can be realized if a number of infrastructural, commercial, and political barriers are overcome and if the EU gas demand recovers.

 

CONTRIBUTOR
Simone Tagliapietra
Simone Tagliapietra
From the Desk of the Editor Over the last couple of years, Turkey has weathered multiples storms in close succession: two general elections that took place in a polarized political climate, an escalation of the Turkey-PKK conflict, a crisis with Russia, the 2016 failed coup attempt followed by state of emergency measures, and the continued threat of terrorist attacks. The aftermath of the constitutional referendum in April...
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