Page 12 - MEOG Week 49 2022

MEOG NEWS IN BRIEF MEOG

moving forward, given the competition it which Azerbaijani gas from giant Caspian Sea address gas supply gaps left by Russian
would generate versus Russian gas exports. gas fields flows across Turkey for domestic use flows curtailed since the outbreak of the
Turkmenistan has the third largest gas and further export to Europe, to 32bn cubic Ukraine war, Turkmenistan’s vast resources
reserves in the world behind Iran in second metres/year. remain largely untapped in terms of Western
place and Russia in first. Its proved gas The EU, however, looking to wean itself off customers. Turkmenistan pipes almost a third
reserves amounted to around a third of Russian gas entirely now that Moscow is seen of the gas it produces to China, with the rest
Russia’s, at 13.6 trillion cubic metres as of end- as an unreliable supplier, is wary of Russia consumed domestically and a modest amount
2020, according to BP. sneaking gas to Europe via a Turkish hub, delivered to Russia.
Turkey, at the crossroads of Europe and should it be developed. Seeking to promote Turkmenistan professes neutrality in
Asia and bordering the Black Sea, has for the merits of having a gas hub in Turkey, the foreign policy but its strong links to Moscow
years worked to develop gas transit projects Russians have pushed the idea that the prices have not been in any doubt since the nation
that would make it an essential gas hub for of its Russian gas flows would be set at the hub won independence after the fall of the Soviet
Europe. A decision has already been made to rather than in Russia. Union.
double the capacity of the Trans-Anatolian While Azerbaijan has pledged to pump NEWSBASE
Natural Gas Pipeline (TANAP), through more gas to Europe to help the continent

P12 www. NEWSBASE .com Week 49 07•December•2022