Archives Gas - Page 2 of 2 - New Eastern Outlook
Europe is freezing and on the brink of a severe economic crisis
According to the Oxford Institute for Energy Studies (OIES), “the prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel.” Or, to put it in less academic terms, we can say that this is clearly what Russian President Vladimir Putin has said, namely that Europe, which has followed the US line and refused to buy cheap Russian gas, has caused itself and its people lasting economic, financial and political harm. Last year, for example, Egypt shipped 80 percent…
What is behind the current tension in Turkish-Iranian relations?
Turkey and Iran continue to be important Middle Eastern nations. Due to their geographical proximity, imperial past, violent rivalry, theological tensions (between Sunnism and Shiism), and, of course, the continuous divergence of geopolitical interests, both nations have a rich history of relations. There were multiple Turkish-Persian clashes and wars, with various interruptions and varying degrees of success, during the Ottoman and Persian empires. Regarding the significance of the harem in the Ottoman Empire, historians have observed that…
Iran can form a new gas market
Iran is attempting to create a gas alliance involving Qatar. While Turkey is attempting to rescue the grain deal, Iran is actively promoting the concept of establishing a gas hub of its own. The gas swap between Turkmenistan and Azerbaijan via Iran served as a test phase. Later in November 2022, Russia and Iran started researching the idea of swapping gas supplies, which initially would be around 10 billion cubic meters per year. Iran formally proposed to Russia and Turkmenistan a large-scale gas swap in February 2023, in which Russia would get gas in the north and Turkmenistan would supply it in exchange in either direction in the south. They specifically discussed deliveries of gas to Pakistan, near whose border Iran is building a gas pipeline with a capacity of 100 million m3/day of gas (about 36.5 billion m3/year), opening up the prospect of supplying India in the future.
