Prospects for the Construction of the Poseidon Gas Pipeline as a Factor in Supplying the Needs of the Southern Europe Countries with Natural Gas

Authors

  • Gyulnar Osmanovna Khalova Gubkin Russian State University of Oil and Gas (National Research University)
  • Nikita Igorevich Illeritskiy Center for Energy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN)
  • Vera Alekseevna Smirnova Specialised Experts Quality Services Ltd., Gubkin Russian State University of Oil and Gas (National Research University)

Abstract

The EU is one of the largest energy consumers in the world. However, it faces issues of high fuel import dependency, energy resources import diversification, lack of pipeline infrastructure, etc. There are several ways to improve EU's energy sector by wider use of natural gas (NG). Such projects as ITGI-Poseidon, TANAP, TAP, TurkStream and others may provide necessary capacities. Turkey plays an important role as a transit country for NG supplies and in the future it can become one of the key gas hubs in the south-eastern part of Europe, as it occupies a strategically advantageous geographical position. This paper reviews the main economic development and energy sector indicators of the EU, along with current and future NG supply and transit projects. It is stated energy cooperation between Russia, Turkey and the EU is essential for sustainable development of both EU and Turkey energy sector. Hence, recommendations for NG sector development and further energy cooperation with Russia are provided.

Keywords: Natural Gas, Energy Supply, Energy Cooperation

JEL Classifications: Q3, Q4

DOI: https://doi.org/10.32479/ijeep.7093

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Published

2018-12-07

How to Cite

Khalova, G. O., Illeritskiy, N. I., & Smirnova, V. A. (2018). Prospects for the Construction of the Poseidon Gas Pipeline as a Factor in Supplying the Needs of the Southern Europe Countries with Natural Gas. International Journal of Energy Economics and Policy, 9(1), 143–148. Retrieved from http://econjournals.com/index.php/ijeep/article/view/7093

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