Turkey`s LNG Future & External Threats to Derail Ankara`s Strategy

Authors : Cyril WİDDERSHOVEN

Pages : 62-67

View : 15 | Download : 12

Publication Date : 2017-08-30

Article Type : Research Paper

Abstract :Turkey’s ongoing national and international gas adventures are until now a success story.  The dream to become an energy hub has been positively supported by ongoing largescale  LNG import facility projects, gas storage expansion and the already well-known  Turkish gas-pipelines, which are partly built to link up to the European markets. Russia’s  renewed interest to use Turkey as one of its main transit routes to the European Union  has been the main basis for the success until now. Central Asia, the Caspian and Iran, are  the main other pipeline gas exporters, which have supported Turkey’s energy hub strategy  as well. President Recep Tayyip Erdogan has been pushing for these intraregional  energy links since the start of his political reign. Bringing in a combined pipeline and  LNG gas supply to Turkey, partly to supply the growing local gas demand, also has been  material to the increased interest of the European Union in the country’s gas strategies. In stark contrast to Western European countries, Turkey insert ignore into journalissuearticles values(Erdogan); has, from the start,  understood that diversification of supply is necessary not only to increase overall competitiveness  in the market but also to be sure that security of energy supply is guaranteed.  From the start, Turkey has been mainly looking to the former Soviet Union region,  as this still is the main onshore gas supply route. Other gas supplies have been out of reach until recently, due to the geographical position  of Turkey or regional instability. Iran, as one of the world’s largest gas producers,  holding the second largest gas reserves in the world, always has been on the mind of  Turkey as an additional supply route. A main gas pipeline system has already been put  in place, supplying Iranian gas to the Turkish markets, but a potential expansion of volumes  has been until now constrained by financial and political issues.
Keywords : turkey lng future, ankara strategy