In this article Simone Tagliapietra summarizes the key results of a new study published by theFondazione Eni Enrico Mattei aimed at exploring the future prospects of the EU-Turkey energy relations in the aftermath of the 2014 Ukraine crisis. Considering the rapidly evolving situation in the region, the study outlines the urgent need to enhance the EU-Turkey energy partnership and proposes the establishment of a new “EU-Turkey Natural Gas Initiative”.
Introduction
Over the last two decades energy has emerged as an increasingly important component of the overall cooperation scheme being built between the European Union (EU) and Turkey. In particular, over the years the EU-Turkey energy relations have progressively focused on a specific segment of energy markets: natural gas.
This focus on natural gas has been mainly based on Turkey’s strategic geographical location at the crossroads of major natural gas-rich regions such the Caspian and the Middle East on the one hand, and a major natural gas-consuming region, Europe, on the other hand. This peculiar position has paved the way for the emergence of a vision on which Turkey would eventually play the role of key transit country of future natural gas flows from Azerbaijan, Turkmenistan, Iraq and Iran to Europe[i].
Read more http://www.naturalgaseurope.com
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