Türkiye can emerge as a potential gas hub as sanctions-hit Russia and energy-starved Europe engage in tit-for-tat battles amidst the Ukraine conflict
damaged Nord Stream 2 pipelines, creating large ripples in the Baltic Sea and severely affecting the operational capacity of the pipelines carrying Russian gas to Germany. For many analysts, the incident marked a turning point in the Moscow-Europe energy ties amidst the gruelling Ukraine conflict.
The timing couldn’t have been better for the idea of a Turkish gas hub to be put into action, says Yasar Sari, an expert at Haydar Aliyev Eurasian Research Center of Ibn Haldun University. While Russia supplied more than 60 percent of Türkiye’s gas in the 1990s, its share has dropped to around 40 percent in recent years as Ankara is buying natural gas from multiple sources such as Azerbaijan, Iran and Iraq.
“Türkiye is one of the biggest markets in Europe; it may also have been done to build leverage in other negotiations,” says Emre Erturk, Founder and Managing Director at CEEN Energy Information Services and Consultancy, referring to both Russian and Turkish motivations. But the former diplomat, who played a critical role to shape the US Central Asia policy to leverage the region against Russian influence during the Bush administration, has doubts about the Putin proposal.
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