Game Theoretic Assessment of Turkey's Role as a Transit Country amid a Changing EU's Energy Policy

Aram Lee () and Jeonghwan Kim ()
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Aram Lee: Department of Public Administration, Hankuk University of Foreign Studies, Seoul, Republic of Korea
Jeonghwan Kim: Department of Russia, Hankuk University of Foreign Studies, Seoul, Republic of Korea

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 5, 579-586

Abstract: This paper examines how changes in the gas transportation network and trade volume influence relative bargaining power. We focus on the EU as a natural gas importer and Turkey as a key transit country connecting major gas producers - Russia, Azerbaijan, and Iran. Using network game theory, we analyze the bargaining power among these participants. Our findings highlight Turkey's critical role in the EU's natural gas sup-ply strategy amid the Ukraine crisis. Without Turkey, access to the European gas market would be significantly restricted for other regions. While the EU's diversification policy enhances its bargaining power, the increment remains relatively modest. Although constructing a new pipeline to bypass Turkey could strengthen the bargaining position of both the EU and gas-exporting countries, geographical and political challenges make such a project highly impractical.

Keywords: Energy Policy; Game Theory; Natural Gas Supply; Natural Gas Transportation System; Network Analysis (search for similar items in EconPapers)
Date: 2025
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DOI: 10.32479/ijeep.19683

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