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Turkey as a Regional Natural Gas Hub: Myth or Reality? An Analysis of the Regional Gas Market Outlook, beyond the Mainstream Rhetoric

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  • Simone Tagliapietra

    (Fondazione Eni Enrico Mattei, Italy)

Abstract

Over the last years Turkey has been increasingly associated in the international political and economic debate with concepts such as “gas corridor” and “gas hub”. This characterization of Turkey is clearly mainly due to its unique geographical position at the crossroads the Caspian region, the Middle East and Europe. In particular, this argument is often advanced in the political discussion on the rise of Turkey as a leading regional power and in the debate on the future prospects for the EU-Turkey relations. However, by going beyond the political slogans and by focusing on the concrete gas realities around Turkey this picture could be seriously put into question. The aim of this paper is to explore the real potential role of Turkey in the regional gas markets, firstly 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 paper will provide 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 will indicate that Turkey will hardly have the potential to become a regional gas hub in the medium term (up to 2020-2025). However, Turkey 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 described in the paper 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? An Analysis of the Regional Gas Market Outlook, beyond the Mainstream Rhetoric," Working Papers 2014.02, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2014.02
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    References listed on IDEAS

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    1. Simone Tagliapietra, 2013. "Towards a New Eastern Mediterranean Energy Corridor? Natural Gas Developments Between Market Opportunities and Geopolitical Risks," Working Papers 2013.12, Fondazione Eni Enrico Mattei.
    2. Ekpen James Omonbude, 2013. "The Economics of Cross-border Oil and Gas Pipelines Involving Transit," Palgrave Macmillan Books, in: Cross-border Oil and Gas Pipelines and the Role of the Transit Country: Economics, Challenges, and Solutions, chapter 2, pages 10-34, Palgrave Macmillan.
    3. Simone Tagliapietra, 2012. "The Rise of Turkey and the New Mediterranean Challenges and Opportunities for Energy Cooperation in a Region in Transition," Working Papers 2012.66, Fondazione Eni Enrico Mattei.
    4. Ekpen James Omonbude, 2013. "Cross-border Oil and Gas Pipelines and the Role of the Transit Country: Economics, Challenges, and Solutions," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-27452-6, October.
    5. Tagliapietra, Simone, 2012. "The Rise of Turkey and the New Mediterranean Challenges and Opportunities for Energy Cooperation in a Region in Transition," Energy: Resources and Markets 138631, Fondazione Eni Enrico Mattei (FEEM).
    6. Simone Tagliapietra, 2013. "Towards a New Eastern Mediterranean Energy Corridor?," Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, February.
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    Cited by:

    1. Berk, Istemi & Ediger, Volkan Ş., 2018. "A historical assessment of Turkey’s natural gas import vulnerability," Energy, Elsevier, vol. 145(C), pages 540-547.
    2. 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.

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    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
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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