Search: Turkey,Energy (6 materials)

State and Prospects of Russia–Turkey Energy Relations

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 ...


The Current State of Trade and Economic Relations between Russia and Turkey

... Turkey shows a steady increase in volumes, which recovered after a certain decrease during the period of the 2008–2009 crisis (see the table below). Turkey runs a trade deficit, i.e. its imports from Russia exceed its exports there, mainly due to Turkey’s purchases of Russian energy. In 2015, Russia accounted for 2.5% for Turkey’s exports and for almost 10% of its total imports, in other words, for almost 7% of Turkey’s trade, i.e. 24 USD billion. Turkey, meanwhile, accounted for 6% of Russia’s exports and ...


On Both Sides of Turkish Stream

... suppliers to ease off Russian energy imports. The EU’s Southern Gas Corridor (SGC) initiative, which will deliver Azerbaijani gas to Europe, is a realization of Europe’s diversification efforts and a statement emphasizing the essential role Turkey plays as an energy partner for Europe. The central link of the SGC is the Trans-Anatolian Natural Gas Pipeline (TANAP), whose entire length runs through Turkey. Photo: TANAP Turkey’s simultaneous deal with Russia undermines any prospect of strengthening ...


Russian-Turkish Relations in 2014

... into a regional energy operator. However, the final destination points of Russian gas via Turkey as well as the role that EU countries, especially Bulgaria and Greece, will play in this process still remain under wraps. Another major project in the energy sector implemented in Turkey with the participation of Russia is the construction of the Akkuyu nuclear power plant in the Mersin province on the Mediterranean coast. This project is equally beneficial to both countries. Russia is interested in the construction of nuclear ...


The Course of South Stream

... 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 ...


Nuclear geopolitics. Shifting sands along Africa’s Uranium Road

... mining of uranium through a contractual relationship with the French state-owned company Areva. World annual production of U3O8 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, and for speculators and arbitragers seeking to control, or otherwise stockpile inventory. Last year, according to the ...


Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
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