TurkStream’s $16bn impact: Geopolitical shifts for Ukraine, Turkiye and Hungary in Europe’s energy landscape

In the shifting landscape of global energy geopolitics, the TurkStream natural gas pipeline stands out as a critical artery for energy flows between Russia and Europe, with far-reaching consequences for Turkiye, Ukraine and Hungary. Launched in January 2020, TurkStream was designed to deliver Russian natural gas to Turkiye and onward to south-east Europe, bypassing Ukraine—a development that not only altered energy dynamics but also reshaped the geopolitical landscape of the region. This article explores the implications of TurkStream for Ukraine, Turkiye and Hungary, and the broader energy and political context in Europe. TurkStream overview and its strategic importance TurkStream consists of two parallel pipelines running from Russia to Turkiye across the Black Sea, with each line having a capacity of […]