Sep 10, 2009
| Last Updated
Turkey is geographically well positioned to become a regional energy hub. It could link producers in the Caspian and the Middle East regions with the energy-hungry European markets, which by 2020 will import roughly 77% of the natural gas they use. However, conflicting visions of who will lay the pipelines and provide the gas complicate the issue. The EU is pushing for the Nabucco pipeline project, aimed at cutting European dependence on Moscow, which has a nasty habit of turning off gas supplies to Europe whenever disputes arise with transit countries. Russia, on the other hand,[...]
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