The Changing Dynamics of Energy in Turkey

20 Pages Posted: 20 Dec 2016

Date Written: December 20, 2016

Abstract

This paper explores how Turkey’s politics and economy are affected by changes in global energy. To define which are the most relevant developments, the paper opens with an overview of the country's economic landscape. This analysis illustrates that energy, being the key driver behind its large current account deficit, represents a major point of vulnerability for the country. On this basis, the paper illustrates Turkey's energy matrix, an analysis that outlines the rising role of gas in the country's energy sector, both under the internal (i.e. growing share of the mix) and external (i.e. the country's potential role as regional gas hub) points of view. Finally, these issues are discussed with the aim of assessing the prospects for Turkey to turn gas into a geopolitical and economic asset for the country.

Keywords: Turkey, Energy Security, Gas, TANAP, TAP, TurkStream

JEL Classification: Q40, Q42, Q48

Suggested Citation

Tagliapietra, Simone, The Changing Dynamics of Energy in Turkey (December 20, 2016). FEEM Working Paper No. 78.2016. Available at SSRN: https://ssrn.com/abstract=2887898 or http://dx.doi.org/10.2139/ssrn.2887898

Simone Tagliapietra (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

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