The answer to the above question is, of course, yes.
And what are Europe’s energy woes? Obviously, EU countries must contend with high gasoline prices, just like almost everyone else in the world. Unlike other countries, Europe must also balance its need for natural gas with its fear of one-sided dependence on Russia. Russia has shown that it is willing to use its energy resources for political gain. Leaders in EU capitals are searching for natural gas transit routes that are not controlled by Gazprom, the Russian energy giant.
And that is where Turkey — along with numerous other non-EU countries — come in. Turkey already supplies Azerbaijani gas to Greece via its pipeline network. However, a new, more ambitious pipeline is in the works. The new pipeline, named Nabucco, would transit Caspian natural gas via Turkey to Southern and Eastern Europe. This would lessen Moscow’s grip on the European market. The ensuing competition would reduce prices and limit the spread of Russian influence.
The Nabucco Pipeline is rapidly becoming a reality. The blog World News Journal claims that an agreement has been reached to transit Arab gas to Nabucco via Turkey. If so, this would be a huge boost to the project. On the Caspian side, Azerbaijani relations with Russia are frosty, and it is in the interest of Baku to join Nabucco. Kazakhstan and Turkmenistan are increasingly expressing interest.
When Nabucco becomes a reality, Europe will face higher costs should it alienate Turkey. A Turkey hostile to Europe could turn of the gas at any moment. It could also simply allocate a larger share of the pipeline’s gas for itself. This is a real possibility, as energy consumption increases as economies grow (and Turkey’s economy is one of the fastest growing in the world).
Thus, while Nabucco isn’t a reason in and of itself to admit Turkey into the European club, it is a very good reason to try to keep Turkey’s hopes of joining Europe alive.