THE ONLY REALISTIC OPTION FOR A RUSSIAN GAS-FREE EU: TÜRKİYE ROUTE
Keywords:
Russian Gas, Free Eu, Türkiye RouteAbstract
In general, our existing model shows that, Türkiye will continue to increase the volume and the efficiency of its domestic gas market. By continuing to support the volumetric increase of its storage capabilities and the development of Black Sea discovery, will not risk its existing contractual import options within the existing sellers. It reveals that it can establish a dynamic supply-demand, domestic production-import-export mechanism. In this context, production in the Black Sea greatly relieves Türkiye's hand. In other words, it is not reasonable to expect Türkiye, which is a big consumer, to become a net gas exporter at the current stage. However, when the due dynamics (such as, number of technically and economically accessible markets, profitable supply agreements, increased domestic production potential and overcomed domestic demand) are re-shaped by time, spot export opportunities will also be in question. On the other hand, while considering that, the Black Sea discovery was made in an untouched area; new exploration possibilities in the Black Sea or other areas could change all the balances and move Türkiye to a very different position in terms of both gas trade and regional balances. For this reason, the eyes of all foreign missions, especially the existing suppliers, are on this new discovery of Türkiye.
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