Foreign Affairs: Azerbaijani gas 'not an alternative for Russian'

Mon 19 Oct 2015 01:19 GMT | 05:19 Local Time

Text size: bigger smaller

Though Turkish authorities sometimes threaten to reconsider cooperation with Moscow on key energy projects, Turkey can hardly reject Russian energy sources, Foreign Affairs reports.

From the first sight, Ankara could become a big gas hub between Europe, Middle East and the Caspian region, but, in fact, there are no provisions for this, RIA Novosti reports citing Foreign Affairs.

According to the magazine, due to the specific features of state regulation, the market of liquified natural gas is not developed in Turkey, there are few gas reservoirs and just two terminals for liquefied natural gas. All the same, Russia accounts for the two thirds of Turkey's gas import, while it is not that easy to diversify supplies.
Though Turkey and Azerbaijan have started construction of the Trans Anadolu gas pipeline (TANAP), analysts believe that Azerbaijani gas will be more expensive than Russia due to transportation costs.

Iran could be another supplier, but it needs energy sources for industrialization and can export only an insignificant portion. Turkmenistan offered to supply its gas via TANAP but it will be not easy due to a big number of contracts with China. This option is also complicated because of the debates around the legal status of the Caspian Sea.

Foreign Affairs believes that the West fancies about the geopolitical role of Turkey and its turning into a 'backstop on the way of Russia's assertive energy strategy."

"Incompetitive market environment, low regulated internal gas prices and other problems are sobering," the article says.

"Ankara has no means to encourage competition, influence Russia, use the advantages of the geographically favorable position and become an important bridge for transportation of the Caspian gas to Europe," the edition reads. In this connection, Turkey can hardly strengthen its geostrategic role with the help of energy.

"This is a good news for Russia and it is not good for the West," Foreign Affairs reads. 

News.Az

Printer

Commentary

Most read articles

More from Economy

In The Region

Editor's Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook



Real estate

Virtual karabakh