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Wednesday, November 06, 2013

Will Turkey be the new hub for gas? | Institute for Defence Studies and Analyses

Will Turkey be the new hub for gas?

Gulshan Dietl

November 6, 2013

Largely unaffected by the stagnation in most of the developed world, the Turkish economy has continued to grow and stands at $800 million today. Consequently, its demand for energy has increased and is expected to double over the next decade, according to the International Energy Agency. Natural gas accounts for an increasing share of the energy basket in Turkey. Its gas-generated electricity demand growth is estimated to be even higher.

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