Turkey's Energy Policy, Regional Role and Future Energy Vision

Abstract

This article brings internal and external aspects of Turkey's energy policy into sharp perspective by summarizing trends and practices. A brief analysis of past performances and existing targets for the short and medium term will greatly contribute to evaluating Turkey's energy market. Today, Turkey's energy market is one of the world's fastest growing markets in terms of demand and supply. Turkey is a country with vast renewable energy resources and it has been trying to fully maximize this potential. Recent prestigious projects, notably the Nabucco pipeline project, are representative of Turkey's heightened energy diplomacy initiatives. Such projects can significantly contribute not only to strengthening energy security in the region and the world, but also to expanding peaceful interactions between Eastern and Trans-Atlantic values resulting in a sustainable confidence building environment.