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Turkey as a Regional Natural Gas Hub: Myth or Reality?

Author

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  • Simone Tagliapietra

    (FEEM)

Abstract

This article summarizes the key results of a field study carried out in Istanbul and just published in the FEEM Note di Lavoro/working paper series. The study aims to explore Turkey's real potential to become a regional natural gas hub, by focusing on the current situation of gas producing countries around Turkey and then moving to the future prospects of gas cooperation in the region. To this end, the study provides an assessment of both the current situation and outlook of gas markets in Azerbaijan, Turkmenistan, Iraq, Iran, Israel and Cyprus, subsequently providing a discussion of the future prospects of the Southern Gas Corridor and of the potential Eastern Mediterranean Gas Corridor. This analysis demonstrates that Turkey will hardly have the potential to become a regional gas hub in the medium term (up to 2020-2025), while it could have the potential to play an important role in the regional gas markets in the longer term (after 2025-2030) if a number of infrastructural, commercial and political barriers are overcome and -last but not the least- if the EU gas demand recovers and the EU market actually needs more natural gas supplies.

Suggested Citation

  • Simone Tagliapietra, 2014. "Turkey as a Regional Natural Gas Hub: Myth or Reality?," Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, January.
  • Handle: RePEc:fem:femre3:2014.01-02
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    File URL: http://re3.feem.it/getpage.aspx?id=6053
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    Citations

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    Cited by:

    1. Salameh, R. & Chedid, R., 2020. "Economic and geopolitical implications of natural gas export from the East Mediterranean: The case of Lebanon," Energy Policy, Elsevier, vol. 140(C).
    2. Tractebel Engineering, 2015. "CNG for Commercialization of Small Volumes of Associated Gas," World Bank Publications - Reports 25918, The World Bank Group.
    3. Berk, Istemi & Ediger, Volkan Ş., 2018. "A historical assessment of Turkey’s natural gas import vulnerability," Energy, Elsevier, vol. 145(C), pages 540-547.
    4. Gyulnar Osmanovna Khalova & Nikita Igorevich Illeritskiy & Vera Alekseevna Smirnova, 2019. "Prospects for the Construction of the Poseidon Gas Pipeline as a Factor in Supplying the Needs of the Southern Europe Countries with Natural Gas," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 143-148.

    More about this item

    Keywords

    Natural gas markets; Southern gas corridor; Eastern Mediterranean gas corridor; Turkey gas outlook; EU energy policy; EU security of gas supply;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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