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Turkey & Israel Sign Energy Exploration Alliance

Turkey & Israel Sign Energy Exploration Alliance

September 22, 2023
Turkey & Israel Sign Energy Exploration Alliance

Turkish President Recep Tayyip Erdogan in a meeting with Israeli Prime Minister Benjamin Netanyahu in New York, United States.

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In a move signaling a thaw in bilateral ties, Turkish President Recep Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu have agreed to launch joint energy exploration endeavors. The two leaders also committed to exchange official visits, as reported by Turkey’s official media citing Erdogan.

As per Turkey’s official news agency, Anadolu, Erdogan and Netanyahu finalized the decision to create energy exploration networks during their meeting on the sidelines of the 78th United Nations General Assembly session in New York. This event marks one of the latest indicators of the warmth between the two nations. Erdogan expressed that he invited Netanyahu to Turkey and will himself visit Israel in the forthcoming period.

Quoting Erdogan, Anadolu reported, “God willing, we will take this step soon without significant delay, and we will commence the energy exploration operations with Israel.” He further noted the partnership would expedite the process of transporting energy through Turkey to Europe. Erdogan also emphasized Ankara’s aspiration to enhance mutual trade with Israel, encompassing cooperation in sectors like tourism, energy, and technology.

Turkey and Israel have a history of oscillating relations, but the recent collaboration indicates an era of renewed diplomacy, following the full restoration of diplomatic ties last year. Their convergence on energy issues is not accidental. The Eastern Mediterranean has been recognized for its significant untapped gas reserves, which could potentially transform the regional energy landscape.

Israel’s push towards establishing a pipeline project to transfer gas across the Eastern Mediterranean aligns with Turkey’s economic aspirations. Facing economic challenges, Turkey envisions becoming a major hub for this project, which is anticipated to generate substantial profits. As both nations navigate their geopolitical complexities, cooperation on energy could pave the way for an enduring partnership, potentially reshaping power dynamics in the region.

Tags: EnergyIsraelTurkey
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