Turkey’s energy ambitions could affect supply and price in Europe

Turkey’s energy mix, 2011 (Source: BP Statistical Review of World Energy, 2012)
Turkey’s energy mix, 2011 (Source: BP Statistical Review of World Energy, 2012)

Turkey is expanding its web of oil and gas pipelines and suppliers. Given its geostrategic position - at the intersection of important energy transfer routes – improved connections with producer countries and consumer markets will enhance Turkey’s supply security, increase its geopolitical importance, as well as its earnings from transit fees. It will also have wider implications on Europe.

TURKEY'S expanding population and rapid economic growth have contributed to higher energy consumption. This has prompted the country to look for new sources of supply while aiming to become an energy transit hub – a move which could have a significant influence on energy prices in Europe and Centr...

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