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Turkey’s Energy Security Strategy in the Emergent Global Energy Outlook

Since the beginning of the 2000s the global energy landscape has undergone constant change. Various factors have affected both the demand and supply sides of the global energy security outlook. As a result, both consumer and producer states have constantly felt the need to adapt to emergent market conditions. Hence, this paper first aims to highlight the continuous changes within the global energy market and simultaneously present and evaluate Turkey’s determined search to fulfill the requirements of its energy supply security strategy.

Turkey s Energy Security Strategy in the Emergent Global Energy
A trader working in the New York Stock Exchange on August 3, 2015, when oil prices has dropped below $50 and a barrel stocks have plunged nearly 100 points ANDREW BURTON / Getty Images / AFP
 

What’s New about the Global Energy Market?

Since the 2000s, the global energy landscape has undergone constant change. Various factors have affected both the demand and supply side of the global energy security outlook. In this regard, the period between 2000 and 2014 can be considered as the first turning point; most energy experts are in agreement, describing it as a revolutionary time. This period has become known for the emergence of new, independent energy powers making excessive demands for energy, and for the rise of new independent energy sources, especially the North American shale revolution. This revolutionary ‘on the ground’ change in the energy field has also transformed previous energy routes as well.

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