"As a benefactor" in the gas conflict between Russia, Ukraine, and the EU

Ngọc Vân |

The disruption of Russian gas supplies through Ukraine opens up an opportunity for Turkey to become the leading gas supplier to the EU.

From December 31, 2024, the gas transit agreement between Russia and Ukraine expired, causing Ukraine to decide to stop the transit of Russian gas to Europe via its pipeline system. Ukrainian Energy Minister Herman Halushchenko stressed that this decision was made for reasons of "national security".

The suspension of transportation has caused Russia to lose an important market, and forced Europe to seek alternative supply in the middle of a harsh cold winter.

Turkey, with its strategic geographical location and developed energy infrastructure, is emerging as a safe alternative to Europe's gas supply. Turkey currently receives Russian gas via the BlueStream and TurkStream gas pipelines, as well as gas from Azerbaijan and Iran via the TANAP system.

TurkStream starts off the Russian coast, runs through the Black Sea for more than 930 km and lands in the Thrace region of Turkey. TurkStream directly connects the largest gas reserves in Russia to Turkey's gas transport network, providing reliable energy for Turkey, Southern and Southeastern Europe.

In addition, Turkey also produces gas from the Black Sea, creating conditions for the country to become a gas transit hub to countries such as Bulgaria, Hungary, Romania, Moldova and Northern Macedonia.

Hurriyet Daily News quoted Emin Emrah Danış, an energy expert from MOBEN, as saying that Turkey owns a modern gas pipeline system capable of importing and distributing gas from various sources to European countries.

With gas from Russia, Azerbaijan, Iran and domestic production, Turkey can meet Europe's growing demand.

If routes connecting to Greece and Bulgaria are strengthened, Turkey's gas exports to Europe will increase sharply.

Turkey is currently the safest route to supply gas to Europe, Danış stressed. We can transport both imported gas and domestically produced gas.

Since the Soviet era, Russia has been the EU's largest gas supplier. However, the suspension of transit through Ukraine is prompting countries in the region to seek new sources of supply.

Before the Ukraine conflict, Russia supplied about 40% of the EU's natural gas, which played an essential role in heating, electricity generation and industrial maintenance. Major gas pipelines such as Nord Stream 1 and transit routes through Ukraine are an important bridge bringing gas from Russia to Europe.

However, since the conflict broke out, the EU has imposed a series of sanctions on Russia, causing Russia to cut gas to many EU countries, causing energy prices to skyrocket and plunging Europe into a serious energy crisis.

For its part, Russia has increased gas exports to China and India, and signed long-term energy agreements with Asian countries to reduce dependence on the European market.

Ngọc Vân
TIN LIÊN QUAN

Consequences of Germany's turmoil, EU in turmoil

|

As the EU and its leading economy, Germany, falter, the euro fell to its lowest level in more than two years against the dollar.

One side is in trouble, the other side is hit when Ukraine shuts off the Russian gas valve

|

Russia pointed out the beneficiaries and the worst affected when Ukraine stopped the transit of Russian gas.

The situation in Germany when both Russian gas is lost and there is severe cold

|

With no more Russian gas in the cold winter, German officials are asking people to save gas.

Mai Linh Nha Trang driver continues to call for help due to prolonged unpaid wages and benefits

|

Khanh Hoa - The collective of workers requested Mai Linh Nha Trang Company Limited to completely resolve unpaid wages, social insurance debts...

Upcoming inspection of the purchase and sale and transfer of shares of banks

|

The State Bank said it will pay attention to inspecting the contents of share ownership ratio; buying, selling, transferring bank shares, and granting credit.

The Law on Health Insurance will be amended, moving towards free medical examination and treatment for people

|

The health sector is orienting to amend the Law on Health Insurance, to specify some contents towards free medical examination and treatment for people under the direction of General Secretary To Lam.

Ho Chi Minh City Party Secretary Nguyen Van Nen has a new task

|

HCMC - Secretary of the HCMC Party Committee Nguyen Van Nen is the head of the Steering Committee for the development of the HCMC urban railway network system.

Metro No. 1 in Ho Chi Minh City asks to postpone construction by another year despite commercial operation

|

HCMC - The HCMC Urban Railway Management Board (MAUR) proposed that the HCMC People's Committee adjust the completion time of Metro Line 1 project to the end of the fourth quarter of 2025.

Consequences of Germany's turmoil, EU in turmoil

Ngọc Vân |

As the EU and its leading economy, Germany, falter, the euro fell to its lowest level in more than two years against the dollar.

One side is in trouble, the other side is hit when Ukraine shuts off the Russian gas valve

Song Minh |

Russia pointed out the beneficiaries and the worst affected when Ukraine stopped the transit of Russian gas.

The situation in Germany when both Russian gas is lost and there is severe cold

Khánh Minh |

With no more Russian gas in the cold winter, German officials are asking people to save gas.