On Friday, President Recep Tayyip Erdoğan, along with former energy chief and current Treasury and Finance Minister Berat Albayrak, announced that Turkey had discovered some 320 billion cubic meters (bcm) of natural gas – the largest deposit found in the country's history.
What is the current natural gas situation in Turkey? What does the future hold for Turkey’s energy market? How will Turkey’s economy and foreign policy be affected?
It is true President Recep Tayyip Erdoğan and Russian President Vladimir Putin have had an amenable relationship. Turkey and Russia are also both regional actors that share partnerships on many issues. The recent cooperation between the two countries is not as black and white as foreign affairs and alliances between countries were during the Cold War. To call this period of cooperation a "honeymoon," however, would be incorrect.