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Turkey’s President Recep Tayyip Erdogan stated on Tuesday that the trilateral summit between Turkey, Turkmenistan and Azerbaijan this week will concentrate on Ankara’s plans to hold Turkmen fuel to Turkey and from there to Europe amid Russian provide cuts.
“This summit is especially aimed toward taking this step on pure fuel,” Erdogan stated in a televised presser Tuesday earlier than his departure for Turkmenistan. “My hope is bringing Turkmen fuel by the Caspian sea.”
The Turkish authorities officers floated the Turkmen fuel plans this summer time as European international locations have been dashing to diversify their fuel suppliers amid Russia’s invasion of Ukraine. In June, Turkish Vice President Fuat Oktay introduced that Ankara was engaged on numerous routes to transit fuel from Turkmenistan to Azerbaijan and into the TANAP pipeline, which runs throughout Turkey to Greece and on to broader Europe.
A potential fuel deal throughout the Dec. 14 summit in Caspian resort city of Awaza might present leverage for Ankara vis-a-vis Western capitals at a time when Russian fuel provide cuts to Europe have stoked international vitality costs.
A possible deal may strengthen Erdogan’s standing at dwelling within the run-up to the presidential and parliamentary elections due by June. Alongside protection tasks, vitality investments are enjoying a central function in Erdogan’s election marketing campaign. In an effort to painting himself as a trailblazer within the nation’s vitality insurance policies, Erdogan has been touting his authorities’s hydrocarbon exploration tasks throughout the nation and in its waters. After the 2020 discovery of greater than 300 billion cubic meters of pure fuel within the Black Sea, Erdogan introduced on Monday that 150 million barrels of web oil reserves had been found in southeast Turkey. These bulletins, seen by many as electioneering, are broadly taken with a grain of salt.
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