The Internationalisation of Legal Regimes Governing Transnational Energy Projects

Analysis

Turkish schoolchildren are taught from a very early age that Turkey sits at a strategically important location in the world. This has been true for various reasons throughout history; in modern times, when access to energy resources has become the most important geopolitical consideration, Turkey's location again is critically important as it occupies a key position for the distribution of vast Russian and Caspian natural gas resources to the rest of the world. In order to be able to capitalize on its prime location, Turkey has had to offer both the source countries and their customers a stable legal regime through which to deliver the lifeblood of their respective economies.