Energy has played an unprecedented role in the modernization journey of humankind. Human advancement and economic development have long been driven by decisions on the exploration, production and consumption of energy. We are living in a “hydrocarbon age”, where access to energy shapes how we communicate, travel and live in our new urban life. While renewables will grow greatly, for decades to come most of the energy required will still be coming from fossil fuels, such as oil and gas. Because of this relationship between people and energy, the cost, the reliability of sources and the sustainability of energy has become a matter of concern for everyone.
Current Developments in Regional Energy Security and Turkey
With increasing energy consumption from emerging economies, there will be a growing need for new fossil fuel resources and transportation routes, despite the growth in renewable in recent years. Turkey, as a fast growing economy, will likewise require more access to fossil fuel resources to meet its increasing demand for energy. Given Turkey’s location, oil and gas from the Caspian region will become very important, and could also allow Turkey to become an energy transit country and energy hub for deliveries to Europe, thereby increasing its international influence.
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