Turkey As a Major Energy Hub: Will Turkey’s Gas Discoveries Be a Game Changer?

Turkey's rise as a regional superpower depends on controlling oil and gas flows to Europe, impacting global energy markets and stakeholders (with 6 Charts and a Table)

Turkey, a G20 member, seeks to boost its economic and geopolitical influence regionally and globally, particularly in energy. Ankara aims to reduce natural gas imports by expanding solar, wind, and domestic gas supplies, and building nuclear power plants. Turkey aims to be a key oil and gas hub, serving as a transit country between Russia, the Caspian region, and Europe, a position that will benefit Turkey economically and enhance its political clout and influence. It plans to export gas and electricity to Syria and Iraq, while Iraq exports oil from the north through Turkey. Turkey is also intensifying oil and gas exploration in the Eastern Mediterranean, Libya, and Somalia to expand its influence. Turkey's rise as a regional superpower depends on controlling oil and gas flows to Europe, impacting global energy markets and stakeholders. This Article examines the role of recent gas discoveries in this context and covers the following points:

- Gas discoveries in the Black Sea and their importance.

- Main sources of Turkish gas imports and shifts in Ankara’s LNG policy.

- Potential implications and investment business opportunities.