The country’s demand for energy is rising and new supply sources for natural gas are needed to generate electricity, heat homes and cook. Due to scarce domestic supplies and a lack of sufficient liquefied natural gas infrastructure, those supplies will mostly come via pipeline. Turkey has trained its eyes on tapping the planned link from the Shah Deniz II gas development in...
While Turkey may be at the crossroads of civilisations, it is in a hydrocarbons cul-de-sac. The country is surrounded on all sides by significant oil and gas deposits that all stop short of Turkish frontiers. The bountiful Zagros fold and thrust belt, which extends from the Arabian Peninsula up through Mesopotamia, ends at the Turkish-Iraqi border. A few hundred miles away is...
In an effort to join the club of nuclear nations, Turkey has announced plans to build 12 nuclear reactors by 2030, with the intention that 20% of power generation capacity will be provided from this source. However, while eight projects have been approved, delays have already befallen the initial build-own-operate (BOO) project, Akkuyu 1, pushing the commencement of its...
Given the country's reliance on energy imports and the recent economic slow-down, Turkey has benefitted from the collapse of oil prices in late 2014. It has boosted energy supplies to support future growth, while seeking to reduce its energy dependence. In addition, a long-running dream to become a global energy hub is starting to become a reality, bolstered by efforts like...
Turkey wants to raise the private sector’s share in the electricity market to 75% to raise government revenue, boost investment to keep up with demand and reduce the role of the state in the economy. Under legislation that existed until the start of 2013, this would have been difficult. However, the Electricity Market Law 6446, enacted in March 2013, sought to open up the...
Long viewed as a critical transit state on one of the world’s most active energy corridors, Turkey is now searching for hydrocarbons at home and abroad. Per capita energy consumption is still about half that of Europe, but increased wealth means that Turkey is one of the world’s leading growth markets. Demand for energy is rising 6% each year,...
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