Bahrain has remained largely insulated from international external risks and has weathered the global economic shocks of the recent past relatively well. At the height of the international financial downturn, for example, the kingdom avoided falling into recession and even achieved real GDP growth of more than 6% in 2008 and over 3% in 2009.
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,...
In its search for new ways to meet the surging demand for energy, Turkey has focused on oil, gas and even nuclear power, overlooking one of its most plentiful resources: coal. In an effort to reconfigure its energy portfolio and become more energy independent, Ankara is restructuring its electricity sector, and coal figures to play an...
While Turkey’s vital role as a hydrocarbons transit corridor will one day be a reality, which pipeline projects get off the ground remains to be seen. Of all the contenders competing to take gas from Azerbaijan’s Shah Deniz II reservoir via Turkey, only the Trans Adriatic Pipeline (TAP) and Nabucco West remain. The Shah Deniz Consortium plans to...
What is the current status of purchasing agreements and negotiations between Gazprom and private sector gas importers in Turkey?
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