Turkey: Electricity And Natural Gas Correlation In Turkey: Fragility İn Trading And Pricing Mechanism
Last Updated: 16 December 2013
Article by Altug Atikan and Zuhal Uysal
Turkey has a very high foreign-source dependency in energy sector by 75% whereas natural gas dependency mounts to 98%. Apart from being a major natural gas importer, Turkey locates in a very strategic region between the demand centres in Europe and manufacturing areas such as Russia and Middle East that results with being a natural gas trading hub. In this regard, there are many internal and external key components conduce to determine the prices in Turkey. In the scope of endogenous determinants, electricity prices is observed as a fundamental driver of natural gas prices.
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