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2018 | OriginalPaper | Chapter

5. Turkish Energy Market: Transformation, Privatization and Diversification

Authors : Vedat Yorucu, Özay Mehmet

Published in: The Southern Energy Corridor: Turkey's Role in European Energy Security

Publisher: Springer International Publishing

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Abstract

Turkish economy is highly dependent on fossil energy imports. With limited domestic production of energy and rapid industrialization, urbanization and population growth, Turkish vulnerability to costly energy imports poses a serious threat to the country’s comparative advantage while generating rising current account deficit in the short-term. To date, Turkey has managed to obtain its imported natural gas through long-term contracts, typically 15–20 years, with relatively favourable import prices.

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previous chapter Turkey as a Hub in the Southern Energy Corridor
next chapter Hydrocarbon Discoveries in the Eastern Mediterranean
Literature
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Metadata
Title
Turkish Energy Market: Transformation, Privatization and Diversification
Authors
Vedat Yorucu
Özay Mehmet
Copyright Year
2018
Book
The Southern Energy Corridor: Turkey's Role in European Energy Security

Print ISBN: 978-3-319-63635-1

Electronic ISBN: 978-3-319-63636-8

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-63636-8_5