Israel's role in Turkey's gas hub - PETROLEUM ECONOMIST

London/Tel Aviv, 1 August 2017
Gina Cohen, Aura Sabadus

Turkey needs more gas and wants to diversify the sources. LNG and a pipeline from Israel are the answer

A recurring theme in Turkish political discourse has been an ambition to establish an energy hub to capitalise on the country's strategic location linking resource-rich countries to its east with European markets to its west. Israeli gas and new flexible supplies of liquefied natural gas can help Turkey deliver on the aim.

So far, Turkey's strategy has lacked clarity and the objective has been open to multiple interpretations, each reflecting the country's tortuous relations with its neighbours and the poor level of market liberalisation and regulatory reform that would be needed to create a viable gas hub.

Gazprom May Lose Shares in Turkey's Largest Private Importer of Russian Gas - SPUTNIK NEWS

20.12.2016, 11:49 
Alexei Danichev

Russian energy giant Gazprom may lose its shares in Akfel Holding, the largest private importer of Russian gas to Turkey, which was recently nationalized. 

MOSCOW (Sputnik) — Earlier in December, Turkish authorities decided to take the company under the state control and removed the board of directors, with Gazprom's status in the company becoming unclear. 

"We have been simply deprived of the most effective and profitable gas seller in Turkey," the source, familiar with the matter said, as quoted by the Kommersant newspaper. 

According to the newspaper, Turkey's Savings Deposit Insurance Fund (TMSF) currently "performs the functions of the stakeholders." The TMSF has unofficially informed Gazprom about it's new functions, the paper reported.