Skip to main content

2014 | OriginalPaper | Buchkapitel

7. Geopolitical Market Concentration (GMC) Risk of Turkish Crude Oil and Natural Gas Imports

verfasst von : Özgür Arslan-Ayaydin, Inna Khagleeva

Erschienen in: Perspectives on Energy Risk

Verlag: Springer Berlin Heidelberg

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This chapter explores the geopolitical risk of Turkey’s crude oil and natural gas diversification portfolios. We use the methodology of Chaterjee (Strateg Anal 36(1):145–165, 2012) to forecast the Geopolitical Market Concentration (GMC) risk of Turkey’s diversification portfolios under worst and best case scenarios. Our analysis is based on the market shares and the political stability of countries supplying crude oil and natural gas to Turkey. The results are robust to the choice of parameters in the double exponential smoothing method, which we use for forecasting.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Fußnoten
1
For example, in October 2006, due to diplomatic pressure by the US, IMPEX, which is a Japanese oil company, had to pull out its majority stake in the Azedegan oil field in Iran (Dorraj and Currier 2008).
 
3
Except for the Ediger and Berk (2011)’s study that concludes the importance of crude oil import diversification for Turkey through the principal component analysis.
 
4
The share of oil in overall resources fell from 46 % in 1995 to 26.7 % in 2010, whereas the share of natural gas rose from 9.9 % in 1995 to 31.9 % in 2010. More interestingly, the share of other alternative resources (excluding coal and hydroelectric) was 12.1 % in 1995 but fell to 6.7 % in 2010.
 
Literatur
Zurück zum Zitat Blyth W, Lefèvre N (2004) Energy security and climate change policy interactions: an assessment framework. International Energy Agency Information Paper, Paris Blyth W, Lefèvre N (2004) Energy security and climate change policy interactions: an assessment framework. International Energy Agency Information Paper, Paris
Zurück zum Zitat Chatterjee N (2012) A time series forecast of Geopolitical Market Concentration (GMC) risk: an analysis of the crude oil diversification portfolio of India. Strateg Anal 36(1):145–165CrossRef Chatterjee N (2012) A time series forecast of Geopolitical Market Concentration (GMC) risk: an analysis of the crude oil diversification portfolio of India. Strateg Anal 36(1):145–165CrossRef
Zurück zum Zitat Cohen G, Joutz F, Loungani P (2011) Measuring energy security: trends in the diversification of oil and natural gas supplies. Energy Policy 39(9):4860–4869CrossRef Cohen G, Joutz F, Loungani P (2011) Measuring energy security: trends in the diversification of oil and natural gas supplies. Energy Policy 39(9):4860–4869CrossRef
Zurück zum Zitat Dorraj M, Currier CL (2008) Lubricated with oil: Iran-China relations in a changing world. Middle East Policy 15(2):66–80CrossRef Dorraj M, Currier CL (2008) Lubricated with oil: Iran-China relations in a changing world. Middle East Policy 15(2):66–80CrossRef
Zurück zum Zitat Ediger VŞ, Berk I (2011) Crude oil import policy of Turkey: historical analysis of determinants and implications since 1968. Energy Policy 39(4):2132–2142CrossRef Ediger VŞ, Berk I (2011) Crude oil import policy of Turkey: historical analysis of determinants and implications since 1968. Energy Policy 39(4):2132–2142CrossRef
Zurück zum Zitat Herfindahl OC (1950) Concentration in the steel industry. Doctoral dissertation, Columbia University Herfindahl OC (1950) Concentration in the steel industry. Doctoral dissertation, Columbia University
Zurück zum Zitat Hirschman AO (1945) National power and the structure of foreign trade, vol 18. University of California Press, Berkeley Hirschman AO (1945) National power and the structure of foreign trade, vol 18. University of California Press, Berkeley
Zurück zum Zitat Isenberg G, Edinger R, Ebner J (2002) Renewable energies for climate benign fuel production. Environ Sci Pollut Res 9(2):99–104CrossRef Isenberg G, Edinger R, Ebner J (2002) Renewable energies for climate benign fuel production. Environ Sci Pollut Res 9(2):99–104CrossRef
Zurück zum Zitat Koyama K (2004) Energy policies in Asia. In: Emirates Centre for Strategic Studies and Research (ed) Risk and uncertainty in the changing global energy market: implications for the Gulf. The Emirates Centre for Strategies Studies and Research, Abu Dhabi, pp 77–108 Koyama K (2004) Energy policies in Asia. In: Emirates Centre for Strategic Studies and Research (ed) Risk and uncertainty in the changing global energy market: implications for the Gulf. The Emirates Centre for Strategies Studies and Research, Abu Dhabi, pp 77–108
Zurück zum Zitat Vivoda V (2009) Diversification of oil import sources and energy security: a key strategy or an elusive objective? Energy Policy 37:4617–4623CrossRef Vivoda V (2009) Diversification of oil import sources and energy security: a key strategy or an elusive objective? Energy Policy 37:4617–4623CrossRef
Metadaten
Titel
Geopolitical Market Concentration (GMC) Risk of Turkish Crude Oil and Natural Gas Imports
verfasst von
Özgür Arslan-Ayaydin
Inna Khagleeva
Copyright-Jahr
2014
Verlag
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-41596-8_7