The $12 Billion Pipeline That Could Help Ease Europe’s Gas Crisis

Turkey has lost its imports of Iranian natural gas and is again looking to Turkmenistan to cover the gap. But Ashgabat appears to be prioritizing exports to China. The ongoing turmoil in the Persian Gulf has sent global gas prices soaring, a development that has inevitably led to a sudden resurgence of interest in Turkmenistan’s large natural gas reserves. Speaking at an energy conference on April 24, Turkish Energy Minister Alparslan Bayraktar repeated his recent call for urgent international discussions on reviving a long-debated, never-built…