THE POTENTIAL AND RISKS OF COMBINING THE INTERESTS OF THE COUNTRIES OF THE EURASIAN SPACE WITH TURKISH ENERGY PROJECTS
https://doi.org/10.48137/26870703_2023_21_1_93
Abstract
Due to the current geopolitical events, the need to diversify energy supplies to the European Union has become extremely acute. After the sabotage on both branches of the Nord Stream gas pipeline, Russia and Turkey have developed a strategy for creating a gas hub in order to diversify supplies to the EU. The formation of a gas hub has become a central project for the country’s leadership.
The article examines the influence of Turkey in the Eurasian region, which has increased significantly in recent years. Separately, the authors consider the activities of Turkey within the framework of the Organization of Turkic States, whose activities are aimed at the development of socio-humanitarian and economic ties. The authors note that significant gas reserves in Turkmenistan contribute to increasing interest in this country from the Turkish Republic. Potentially, part of the extracted gas can be imported through the Southern Gas Corridor to the Turkish hub for further distribution to EU countries. However, difficulties in the construction of the Trans-Caspian gas pipeline related to the unresolved legal status of the Caspian Sea, and long-term contracts for the production and supply of gas between Turkmenistan and China do not allow this project to be implemented.
The authors conclude that the real prospects for the formation of a pan-European hub in Turkey are rather vague. However, the authors point out that in case of a sharp increase in demand for energy resources in the European Union, it is possible to diversify suppliers with the substitution of supplies from Russia and Turkmenistan.
About the Authors
O. A. Borisova
Institute of CIS Countries
Russian Federation
Russian Federation
Borisova Olga A., Researcher at the Department of Economic Research
Moscow, 119180, Bolshaya Polyanka str., 7/10, b. 3
I. I. Reimbayev
RUDN
Russian Federation
Russian Federation
Reimbayev Izzat I., Master Degree Student
6, Miklukho-Maklaya str., Moscow, 117198
S. Kh. Kholov
RUDN
Russian Federation
Russian Federation
Kholov Surush Kh., Master Degree Student
6, Miklukho-Maklaya str., Moscow, 117198
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Review
For citations:
Borisova O.A., Reimbayev I.I., Kholov S.Kh. THE POTENTIAL AND RISKS OF COMBINING THE INTERESTS OF THE COUNTRIES OF THE EURASIAN SPACE WITH TURKISH ENERGY PROJECTS. Geoeconomics of Energetics. 2023;(1):93-107. (In Russ.) https://doi.org/10.48137/26870703_2023_21_1_93
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