... advance Arctic science. Projects like electrifying drilling rigs and other energy infrastructure initiatives present further opportunities for Turkish involvement. Turkish firms can contribute to efficiently exploiting Arctic resources by leveraging their energy technology expertise. The potential for future collaboration in these areas underscores the long-term prospects of the Russia-Turkey Arctic cooperation.
Notably, Turkish construction companies have assumed a pivotal role in key Russian Arctic infrastructure projects, such as 'Yamal LNG' and 'Arctic LNG 2,' deploying hundreds of engineers. These projects are instrumental for ...
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Working Paper No. 63
Cooperation in the energy sector is one of the most important facets of Russian foreign policy. Interaction in this area helps to develop mutually beneficial trade relations and ensure the energy security of Russia and its partners. Energy cooperation between Russia and Turkey has been comprehensive and strategic in recent years. This working paper contains an analysis of the current state and prospects of this cooperation. It examines in detail the role and place of traditional and renewable energy sources in the energy ...
To assess the current state and development prospects of Russia–Turkey energy relations, it is necessary to take a closer look at the changes that have taken place on Turkey’s domestic energy market, the key features of its energy policy, and the possibilities of using the country’s transit potential. It is also ...
... them to achieve progress in each of them separately, and then take advantage of the cumulative effect of the ongoing projects together.
Prospects for relations
Judging by the experiences of the past year, we can expect that in 2015 relations between Russia and Turkey will develop in several directions.
Energy, tourism and construction will be the key areas of bilateral cooperation. The proposed Turkish Stream gas pipeline project, despite its high potential for implementation, requires a lot of work in technological, economic and political terms. Much ...
... the new strategy, Russia will build pipelines up to EU borders only, with the might-have-been partners having to pick up the financial slack and invest heavily in the construction of additional pipelines.
The undisputed winner in the entire affair is Turkey, which had for years dreamt about – and is successfully putting into practice – becoming a strategic hub for supplying energy to Europe from the Middle East. And now, it would seem, from Russia as well.
On the whole, Russia turning its back on the expensive and politically risky project is an undoubted benefit, even if significant investments have already been made in ground infrastructure which, according to Gazprom head Alexey Miller,...
... quiet, silent. You don’t see it, feel it or hear it. This view was confirmed recently by Sergey Ivanov, chief of staff for Russian Federation president Vladimir Putin, responding to questions from the international online media platform “RT.” ... ... for now is growing but the market is considered “slow.” As a result spot uranium prices do not impact the broad energy market like spot oil prices do. But the market remains a target of opportunity for “pump and dump” specialists,...