While the European energy market becomes increasingly vulnerable to a new disruption in natural gas supply, Turkey’s role comes to the fore. Especially the dependence of ‘Eastern and Southeastern European’ countries on Russian gas and Turkey’s increasing role in supply cause concerns in the EU. Writing on global energy markets, Chryssa Liaggou explains the latest picture as follows: “The worrying point is the high dependence on Russian natural gas. Because as of 2024, this natural gas met 57 percent of Eastern Europe’s total imports. Moreover, since it reaches Turkey via the TurkStream pipeline.” “The dependency on is much higher,” he explains. While Russia’s accusations of “armed attack on the TurkStream line” against Ukraine are being discussed in the European public, options against the energy crisis continue to be at the top of the agenda.
THE FACILITY WAS HIT
‘TurkStream’, known as ‘TurkStream’ in the world, originates from Russia and crosses the Black Sea to the Marmara region. The line connecting from Turkey to Bulgaria provides energy to all of Europe, especially Southern Europe. The article draws attention to possible risks in gas supply and includes the following statements: “The possibility of interruption of the TurkStream line will have direct consequences on supply. “Russia accused Ukraine of using drones to attack a gas distribution station of the TurkStream pipeline in the Krasnodar region in order to disrupt gas deliveries to European countries.”
PRICES ARE INCREASING
In another evaluation, the negative impact of the natural gas supply problem on the electricity markets was mentioned and the following opinions were included: “The increase in natural gas prices in Europe poses the danger of affecting the competitiveness of the continental economies. While the European market reacts to the sudden stop of the transit of Russian gas through Ukraine, consumers, businesses and Industries are facing increasing energy costs. Approximately 60 percent of energy imports come from the TurkStream pipeline, exposing it to extensive supply pressures. “With electricity prices also rising rapidly, rising energy costs pose a further threat to the region’s already fragile situation.”
ARAB MEDIA IS WATCHING
As of January 1, after Kiev decided not to renew the pre-war agreement signed with Moscow, Russian gas shipments to Europe through the pipeline passing through Ukraine were stopped. Evaluating the impact of this situation on the European energy market, the energy publication “Arabian Gulf Bussines Insight” gave the following evaluations:
TURKAKIM FULL CAPACITY
“Turkey is currently connected to European markets with a pipeline network. It carries gas from Russia via TurkStream, which connects the two countries passing under the Black Sea. The Trans-Anatolian Pipeline carries Azerbaijani gas. A third connection extends from east to west for Iranian gas. Part of this While it is used in the domestic market, some of it is also sold to Europe.. TurkStream is operating at almost full capacity. While it pumps more than 15 billion cubic meters of natural gas to customers in Europe annually, the Trans Anatolian Pipeline, which is connected to the Trans Adriatic pipeline extending between Greece-Albania and Italy, carries approximately 10 billion cubic meters of natural gas annually. London Energy Club President Mehmet Öğütçü said that it would be a bit of an exaggeration to say that Turkey could immediately replace Ukraine as the transit route for Russian gas to Europe.
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