FEEM working papers "Note di lavoro" series
2016 .078

The Changing Dynamics of Energy in Turkey


Authors: Simone Tagliapietra
Series: Energy Scenarios and Policy
Editor: Manfred Hafner
Keywords: Turkey, Energy Security, Gas, TANAP, TAP, TurkStream
JEL n.: Q40, Q42, Q48

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.

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Suggested citation:  Tagliapietra, S., (2016), 'The Changing Dynamics of Energy in Turkey', Nota di Lavoro 78.2016, Milan, Italy: Fondazione Eni Enrico Mattei

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