Türkiye Wants to Become a Regional Gas Center Seeks to Establish Cooperation with Turkmenistan and Other European Countries

Türkiye Wants to Become a Regional Gas Center Seeks to Establish Cooperation with Turkmenistan and Other European Countries

Türkiye Wants to Become a Regional Gas Center Seeks to Establish Cooperation with Turkmenistan and Other European Countries. Turkish President Racep Tayeb Erdogan and chairman of the Turkmenistan people’s council Gurbang Guli Berdi Mohammado recently met in the Turkish resort city of Antalia, where an agreement was signed to start Turkmen gas exports to Turkey.

Turkmenistan has one of the world’s largest natural gas reserves, and analysts say harnessing this gas could be key to helping Turkey achieve its goal of becoming a major hub in the region. Turkey’s location Geography between energy producing countries energy Rich countries and a huge 500 Million market Which is Europe it is the objective to become a natural gas trading center in order to do so of course we need to import more gas than we can consume so we should have extra natural gas to be able to market to EXP.

Turkmenistan wants to diversify from its current main market, namely China. | At the same time, Russia’s full-scale invasion of Ukraine has Europe looking for alternatives to Russian gas. But analysts warn getting Turkmen gas to Turkey requires Russia’s cooperation to build a pipeline network under the Caspian Sea. Russia has a monopoly on gas sales in Europe. However, due to western sanctions that have closed Russian gas from the European market, Russia is now trying to sell gas to China.

According to analysts, improving relations between Turkey and the United States may enable Russian President Vladimir Putin to tolerate or even accommodate Turkey’s aspirations. If there is understanding on the Russian side that they will they want to give into Turkey on Some of these mechanisms to keep Turkey closer to them. According to analysts, President Erdogan’s goal of making Istanbul an energy trading center will depend largely on how well the Turkish leader is able to balance relations between Moscow and its western allies in the North Atlantic Treaty Organization or NATO.