A seabed survey is usually an engineering step. For the Great Sea Interconnector (GSI), it has become a test of how far Greece, Cyprus and Türkiye can manage their maritime dispute without letting it derail a major infrastructure project. In mid-October 2026, the GSI developer applied to resume surveys for …
Read More »From Manisa to Szeged: BYD’s shifting European investment strategy
In June 2026, Chinese electric-vehicle manufacturer BYD confirmed that its planned $1 billion electric and plug-in hybrid vehicle factory in Manisa, western Turkiye, had been placed on indefinite hold. The project, signed with great ceremony in July 2024 in the presence of Turkish President Recep Tayyip Erdoğan, had been presented as a …
Read More »The Strategic Logic of Azerbaijan’s Absheron Phase 2
New Gas from Absheron Will Not on Its Own Transform Europe’s Energy Balance, but It Will Add Valuable Supply Diversity On June 1, 2026, during Baku Energy Week, Azerbaijan’s State Oil Company, TotalEnergies, ADNOC International, part of Abu Dhabi National Oil Company, and Turkey’s state pipeline company, BOTAŞ, signed a 15-year natural …
Read More »Iran’s Nuclear Ambitions: U.S. and EU Strategies for the New President
Both the United States and the European Union have expressed interest in constraining Iran’s nuclear program—but negotiations are fraught with risk, and require a willing partner in Tehran in order to achieve real progress. With the signing of the 2015 Joint Comprehensive Plan of Action (JCPOA), Iran agreed to suspend its nuclear …
Read More »SCARCITY & SECURITY: EUROPEAN IMPACT OF BIDEN’S LNG DECISION
Biden’s LNG freeze makes little sense from both European and the US energy security perspectives. It won’t promote a green energy transition. Most energy experts acknowledge that LNG is the principal bridge fuel necessary for a green future. And if American LNG is not readily available, it will be replaced …
Read More »The Geopolitics of Turkey’s Upcoming Elections
On May 11, Turkish opposition candidate Muharren Ince announced that he was dropping out of the upcoming presidential elections, allegedly due to, in his words, a “smear campaign” that is “the work of the Gülenist Terror Group” (Daily Sabah, May 11). As one of four opposition candidates running against Turkish …
Read More »North-South Transport Corridor: Iran-Russia New Railway to Circumvent Western Pressure
The construction of the International North-South Transport Corridor is another way for Iran and Russia to circumvent Western sanctions and lower trade cost while increasing its volume. After the United States and the European Union imposed extensive sanctions on Russia in response to its invasion of Ukraine in February 2022, …
Read More »Geopolitics Grants Omani LNG a Lifeline
The Russian invasion of Ukraine has given Oman’s natural gas industry, long handicapped by relatively modest reserves and high extraction costs, a new lease on life. The global energy crisis caused by Russia’s invasion of Ukraine one year ago has underlined the centrality of LNG to Europe’s energy security. Since …
Read More »Freezing Cold Puts Iran’s Natural-Gas Ambitions On Ice .
By Michael Scollon As winter approached, Iran was relishing the prospect of falling temperatures that could put Europe in a deep freeze and allow Tehran to bask in the wealth of its formidable natural-gas reserves. A difficult winter for Europeans would offer many advantages, including leverage in protracted negotiations in Vienna …
Read More »The Dynamics Shaping Global Energy Markets in 2023
After a year of unprecedented turmoil, global energy prices could return to a ‘new normal’ in 2023—or they could be further disrupted by ongoing or new political and economic crises. The full-scale Russian invasion of Ukraine in February 2022 led to major reverberations in energy markets around the world. In an attempt …
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