Turkey: A new emerging gas player with resources and infrastructure
With its recent deepwater exploration success in the Black Sea and prominent geographic location for interregional hydrocarbon pipelines, Turkey can play a material role in shaping the geopolitical landscape today, especially in the natural gas sector. The country will face a strategic conundrum, whether to utilize newly discovered gas resources entirely for domestic needs and thereby reduce gas imports that come with political baggage as well as foreign currency expenditures, or export gas to capture foreign revenue that Ankara desperately needs.