Turkiye and Russia Bolster Energy Ties in Ankara Meeting

Turkish Energy Minister Alparslan Bayraktar and Russian Deputy Prime Minister Alexander Novak convened in Ankara on February 20, 2026, to discuss avenues for enhancing energy cooperation between their respective nations. The high-level meeting focused particularly on the natural gas and nuclear energy sectors, underscoring the strategic importance of their bilateral energy partnership.

Natural Gas Cooperation Reinforced

Discussions during the meeting highlighted Russia's role as a reliable supplier of natural gas to Turkiye. The operational stability of the TurkStream and Blue Stream pipelines, crucial conduits for Russian gas to the Turkish market, was noted. Ahead of the meeting, Turkiye had finalized a one-year extension of two natural gas import contracts with Russia's Gazprom, ensuring the continued supply of 22 billion cubic meters (bcm) of gas in 2026.

While maintaining strong ties with Russia, Turkiye is also actively diversifying its energy sources. The country has reduced Russia's share in its natural gas mix to below 40% and aims to establish itself as a regional energy trading hub.

Akkuyu Nuclear Power Plant Progresses

A significant portion of the talks centered on the advancement of the Akkuyu Nuclear Power Plant, a flagship project in Turkish-Russian energy collaboration. The first reactor of the Akkuyu plant is slated to commence operations and generate electricity in 2026. Russia's state-owned Rosatom is responsible for the plant's construction, financing, and operation, which will ultimately comprise four reactors.

Upon full completion, the Akkuyu plant is projected to produce up to 35,000 GWh of electricity annually, fulfilling approximately 10% of Turkiye's electricity demand. Russia has committed approximately $9 billion in new financing for the project, with utilization expected in 2026–2027. Turkiye's broader energy strategy includes the development of at least 12 reactors, incorporating both conventional and small modular designs, to meet its growing energy needs.

Commitment to Dialogue and Mutual Benefit

Minister Bayraktar emphasized Turkiye's commitment to 'continuing dialogue in the energy field,' focusing on 'advancing ongoing projects and strengthening mutual benefit between the two nations.' Deputy Prime Minister Novak reiterated the strategic nature of the energy partnership, affirming Russia's position as a 'reliable supplier of energy resources' to the Turkish market. Bayraktar also highlighted Turkiye's 'diversified and pragmatic policy framework' in energy, encompassing renewables, energy efficiency, and nuclear power generation.