With Hungary, Bulgaria and Serbia to depend on TurkStream, Turkey’s importance to increase in terms of energy security
In a world of intensifying international economic competition, neo-protectionism and aggressive growth, energy efficiency and procurement security rapidly turn into matters of prevalent national interest.
For Turkey, as a dynamic, emerging economy, to increase its growth it needs a renewed strategy for investments into the energy market, but this may require changing its current partners in the field.
The global history of development reminds us that all rising economic powers tried to penetrate the European and American markets at some point along their particular trajectory, and Turkey is no exception to this rule.
TANAP will fundamentally change the energy equation in Turkey. They will also carry peace, security and stability from the Caspian to the heartlands of Anatolia and on to Europe, thereby constituting the groundwork for the formation of a more integrated regional political economy.