The Turkish energy sector reforms should be studied within the context of global restructuring and energy market trends. Energy industry is global with increasing interconnections of electricity and pipeline networks, increased trade of oil, products, and natural gas (both in liquefied form as LNG and via pipelines); climate change is another factor that brings countries together to focus on emissions from the energy industry. Turkey is, in some ways, a leader and, in many other ways, a follower of sector trends. As a country that is heavily dependent on energy imports but one that is also playing an increasingly important role as a conduit between resource-rich regions of the Caspian and Middle East and consumers in Europe and elsewhere, Turkey learned from the experiences of others as the country restructured its energy sectors but also has a lot to offer in lessons learned.
KeywordsEnergy Security Current Account Deficit Subsea Pipeline Fukushima Accident South Stream
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