In the year December 2014, Russia aborted the South Stream pipeline that was supposed to deliver natural gas through Black Sea basin on Europe and substituted it with brand new pipeline through Turkey. The Turkish Stream proved to be an excellent opportunity for Turkey to turn itself into an energy heart of its own region. It'd already procured TANAP, a natural gas pipeline to carry Azerbaijan’s gas to Europe through Turkey. The geographic position of the country was clearly one of its critical strong point: in the east there was 70% of world’s natural gas reserves, comprising the eastern Mediterranean basin, Azerbaijan, Turkmenistan, Iran, Iraq, and also Russia.
To its west was one of the world's biggest energy consumers, Europe. In the event the Turkish Stream and TANAP pipeline jobs were connect to other potential energy reserves within the broader region to go through, would it not be unlikely that Turkey would eventually become one of the main energy hallways in Europe -perhaps even a central location or hub? Was it risky to continue as a transit nation and secure its own energy needs at possibly lower prices? Would Turkey be able take advantage of the accessible resources in its south and to prioritize economical increases?
Turkey and the Southern Corridor Case Study Solution
PUBLICATION DATE: March 11, 2015 PRODUCT #: 715042-HCC-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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