This study focuses on the role of Greek-Turkish energy cooperation as a vehicle of increasing competitiveness, regional development and cooperation. This study begins with an examination of the Greek and the Turkish natural gas markets. It continues with an overview of European energy policies, in particular with relation to European energy security. Special attention is given to natural gas pipeline construction projects which aim to relieve European energy dependency on Russia, increase the natural gas supply to the European market and also increase the role of Southeastern Europe as energy transportation hubTo meet increasing natural gas demand and reduce energy dependency on Russia, European authorities need to promote the realisation of projects contributing to the diversification of natural gas supply, alongside improving its relationship with Russia, two targets which are not necessarily mutually exclusive.
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