Such a solution would likely take years to implement, but would allow Turkey to be a key energy transit route instead of Russia.
Turkish President Recep Tayyip Erdogan wants to negotiate with the leaders of Turkmenistan and Azerbaijan on the supply of Turkmen natural gas via Turkey to Europe. The negotiations could take place next week. Bloomberg.
According to reporters, the idea is to ship the gas to Azerbaijan and then pump it into the Southern Gas Corridor pipeline chain that connects Azerbaijan to Europe via Georgia and Turkey. It will probably take years to implement such a solution.
It should be noted that some countries have already discussed the possibility of building alternative routes for Turkmen gas, which would allow to get rid of energy dependence on the Russian Federation, but without much success. However, the Russian invasion of Ukraine and the ripple effect in energy markets have revived many ideas about energy transport routes that were previously considered unlikely.
At the same time, Erdogan’s idea will not only weaken Russia’s influence over Turkmenistan and Azerbaijan, but will make Turkey a key energy transit route. This is because Turkey has a strategic position that spans Europe and Asia and controls access to the Black Sea. But it will likely take years to implement such a solution.
According to BP Plc’s Statistical Review of World Energy, Turkmenistan supplies nearly a third of its gas to China, with the rest being consumed domestically and delivered to Russia. According to BP, Turkmenistan’s proven gas reserves are nearly a third of Russia’s and amount to 13.6 trillion cubic meters. m by the end of 2020.
Previously Russian President Vladimir Putin has arrived in the capital of Kyrgyzstan, Bishkek, to attend the Eurasian Economic Union (EAEU) summit. The heads of state are discussing the creation of a common gas market, the deepening of integration on the territory of the EAEU, the formation of an interdepartmental council on energy and the development of a single market for services.
Also Focus wrote that RF partially compensated for the loss of customers in Northern Europe the level of oil purchases in Italy and Turkey.
