Walterova is a graduate student at the Department of International Relations, Bilkent University Turkey has historically been of great geopolitical importance to states in the regions surrounding it as well as to states more remotely located. With the fall of the Warsaw Pact, this consideration disappeared. However, Turkey has regained its geopolitical importance for other reasons. One of these is its location between large energy markets and major energy producers.
Energy Link to Europe? Plans for the Nabucco pipeline were initialized as far back as The Nabucco pipeline or the Turkey- Austria pipeline is a planned natural gas pipeline that begins in Erzurum and ends in Baumgarten an der Marchin in Austria.
Potentially, it will carry around 31 billion cubic meters of natural gas annually to Europe — a crucial project by any standards that would help lessen European dependence on the Russia -sponsored South Stream pipeline.
Concerns over supply still hover, although expectations are that the gas might be supplied from countries like Iraq or Azerbaijan.
Although Turkey is not the supplier of the natural gas, its role as the conduit of this energy source to Europe is vital.
The ambitious project has the backing of several European Union members and financing from various EU banks, including the European Bank for Reconstruction and Development and the European Investment Bank. Construction of this pipeline, which has been dogged by delays, is expected to begin inpending a final investment decision.
The first gas to flow out of the spigot begins in As we wrote earlier, Turkey is poised to become the third-largest economy in Europe bymaking it an investing hot spot, apart from being an energy hub.
Projects like the Arab Natural Gas Pipeline, which expects to carry gas from Egypt to Turkey, add to the growth in the energy sector. Please visit our web site at www. Short introductions to our most recent content are given below.Mar 21, · Talks between government officials on building a natural gas pipeline from Israel to Turkey may conclude as early as this summer, Israeli Energy Minister Yuval Steinitz said on Tuesday.
Turkey at an Energy Crossroads. Terrorist attacks and an emergent Russia are posing new challenges to Turkey’s energy strategy, but some analysts warn it could be Western Europe that gets squeezed. But efforts to pacify the entire South Caucasus, with its complex history and critical role as a trade and energy conduit, have also come from more unexpected quarters -- .
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Turkey’s close proximity to over 75% of the world’s proven oil and gas reserves makes it a vital conduit for piped oil and gas from Russia, central Asia and the Middle East to European countries.
Oil and gas from Azerbaijan, Iran, Iraq and Russia flow through Turkish pipelines, ports and.