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Turkey’s Relations and Energy Cooperation with the BSEC

Turkey is conducting an increasingly active energy diplomacy and in order to understand the role and strategies of Ankara in energy geopolitics, it is important to apprehend Turkey’s behaviors at international level. In this respect, Turkey’s energy ties with international (energy) organizations have key importance. Hence, this paper seeks to analyze the energy relationship between Ankara and the BSEC. Turkey attends activities of the organization in order to increase its visibility at international level, become a leader in the Black Sea region, and boost its political and economic ties with member states. However, due to the limited effectiveness of the organization in general and in the field of energy in particular, its contribution to the Turkish energy sector has remained modest.

Turkey s Relations and Energy Cooperation with the BSEC
Regional Leaders attended the opening ceremony of Trans-Anatolian Natural Gas Pipeline (TANAP) on June 12, 2018. MURAT ÇETİNMÜHÜRDAR / AA Photo
 

Introduction

Turkey has one of the largest energy markets in Europe. The significant growth in its economy, population, urbanization, and industrialization. The average annual increase rate in 1990 is 4.6 percent. 1 The annual energy need of the country is envisaged to double in 10 years and to grow annually by 4.5 percent until 2030. 275 percent of its energy requirements. Turkey needs to import around 98 percent and 90 percent of its gas and oil supplies, respectively. Although some volatility has been seen in the oil and gas imports, Turkey's oil and gas imports have been increasing in parallel.

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