by Natalia Konarzewska
April 19, 2017
On February 1, Russia’s Federation Council, the upper house of parliament, ratified the inter-governmental agreement (IGA) on construction of Turkish Stream, a pipeline designed to carry Russian gas to Turkey and further to Europe. The bill was earlier approved by the Turkish parliament in December 2016 and by Russia’s State Duma, the lower house of parliament, in late January. Russia is also investigating means for transporting gas to southern Europe. In January, the Deputy Chairman of Gazprom’s Board Alexander Medvedev announced that Gazprom was interested in using the capacities of the Trans-Adriatic Pipeline (TAP) or ITGI-Poseidon to bring its gas to Europe.
By Ipek Velioglu
January 15th, 2016, The Turkey Analyst
Turkey’s decision to shoot down a Russian jet in the Syrian border led to a crisis between the two countries. Although Russia and Turkey always had divergent political agendas, they maintained a good relationship. In the last decade, thanks to the personal relationship of the leaders, Russia and Turkey created a strong economic partnership, especially in the energy field, and kept it separately from the political sphere. But this time is different: the deterioration in political relations will have a strong impact on energy cooperation. Russia slammed economic sanctions on Turkey and big investment projects are at risk. Given its dependency on Russian natural gas, Turkey is concerned about its energy security, making the quest for alternative suppliers and sources highly relevant.
By Najia Badykova
December 9th, 2015, The Turkey Analyst
Despite sharp political disagreements, Russia and Turkey have in the past weathered difficult times, pragmatically handling their differences. However, the current crisis is substantially different from any other previous quarrel. In the current hostile environment between Ankara and Moscow, the idea of Turkey as a transit hub for Russian gas is unlikely to make any headway whatsoever. Yet Turkey and Russia remain interdependent. Reasonably, both will eventually re-engage and make efforts to safeguard common economic interests, including the now suspended Turkish Stream project. The result will depend on how soon they will be able to check and eventually defuse the tensions that are now rapidly building up.
The Turkey Analyst is a publication of the Central Asia-Caucasus Institute & Silk Road Studies Joint Center, designed to bring authoritative analysis and news on the rapidly developing domestic and foreign policy issues in Turkey. It includes topical analysis, as well as a summary of the Turkish media debate.