Potential Global Risks of Türkiye in The Process of Becoming A Regional Energy Hub
Potential Global Risks of Türkiye in The Process of Becoming A Regional Energy Hub

Author(s): Mesut Şöhret
Subject(s): Energy and Environmental Studies, Geopolitics
Published by: Transnational Press London
Keywords: Potential global risks; Türkiye; becoming; regional energy hub;
Summary/Abstract: Türkiye’s geographical location has positioned it as an important player in the global energy environment. Türkiye has become an important transit route for fossil fuels, especially natural gas, between the energy-rich Middle East and the Caucasus and energy-consuming Europe. In the last decade, Türkiye aimed to transform itself into a regional energy hub where energy resources are transferred in transit and traded by international sellers and buyers. Under the current conditions, Türkiye is seen as the most promising transit country candidate in energy chess. While it will enable it to meet its energy demand more easily, it will also carry one-fifth of the EU’s energy demand in the medium and long term and will also contribute to the socialization process of the Caspian and Middle Eastern regions by integrating them into the global energy transportation network. Türkiye’s pragmatic energy policy, on which the impact of daily political tensions and regional changes is limited, is an important indicator of its determination to become an energy transition and distribution center. This goal was first brought to the agenda right after the Cold War, based on the rich energy resources of the Central Asian and Caucasian countries with which Türkiye has strong cultural ties, but the fact is that Türkiye’s performance in the region was well below expectations in the first half of the 90s. However, due to geopolitical ruptures and tensions in international relations, it is not surprising that “Türkiye has become a vital transit corridor for energy resources” especially natural gas, as a critical supplier in meeting Europe’s basic energy needs, especially in the last decade.”

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