Turkish Energy Market: Transformation, Privatization and Diversification

Chapter
Part of the Lecture Notes in Energy book series (LNEN, volume 60)

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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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Department of EconomicsEastern Mediterranean UniversityFamagustaCyprus
  2. 2.Norman Paterson School of International AffairsCarleton UniversityOttawaCanada

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