BMI View: Turkey will remain heavily dependent upon oil and gas imports for the foreseeable future. However, its role as a critical energy transit hub between Western and Emerging Europe, the Middle East, the Caspian and Russia provides it with a unique form of leverage and makes it a key player in the global energy market. The decision to proceed with the TAP and TANAP natural gas pipelines cements Turkey’s position as a critical transit country, and also secures 6bcm of new supplies for Turkey’s domestic market. There is also upside potential to the country’s domestic energy production in the …
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