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...
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...
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...
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...
Despite abundant resources, Mongolia has struggled to shore up its energy security and decrease its dependence on Russia for refined fuel and electricity. The government has made some headway in diversifying fuel imports and improving its terms of trade, while several mid-stream projects could develop domestic refined fuel production. Meanwhile, important refurbishments...
Despite abundant reserves of fossil fuels and potential renewable energy resources, Mongolia has lagged in developing new power supply to match surging demand. Domestic electricity demand has grown by 30% to 5.5m KWh between 2008 and early 2014, but supply has grown by only 6.8%, with the balance imported from Russia. A key explanation is the long gestation period for...
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