Turkey's Energy: Where Should We Be Heading?

Analysis

The world's wheels are not turning without energy. The lack of it, price fluctuations or decrease in subsidies could cause the downfall of governments.

Increased energy-related carbon emissions would heat further our planet. Competition over energy resources, border conflicts, pipeline routes, entrance and exit into/from exclusive economic zones led in the past to hot confrontations and geopolitical tensions between neighboring countries. It will undoubtedly continue to do so in the Caspian, South China Sea, Straits of Hurmuz, Arctic, Africa and Latin America.

Governments - whose “weak spot” or “Achilles' Heel” is energy - cannot take decisions on their economy, foreign policy, security and investment independently. Energy, geopolitics and investment cannot be treated in isolation from one another.

The same applies to Turkey and its energy policy.Turkey depends heavily on energy imports (i.e. 98% in natural gas and 93% in oil as well as in considerable degree of dependence in coal supply, renewables and nuclear technology).