On Formulating a New Energy Strategy for Turkey

With its young population, dynamic private sector, and pivotal geographic location, Turkey is simultaneously a large energy consumer, an energy gathering and dispatching center, and an energy investor in the pan-European energy landscape. These characteristics, which make Turkey an emerging regional and global energy player, when combined with the growing gap between Turkey’s energy supply and demand, necessitate a new, comprehensive, long-term energy strategy (preferably out to 2030 or later) in which the end policy goals are clearly defined, and the ways and means to achieve those goals are described in a comprehensive and coherent manner.

This article discusses the basics of formulating such a strategy. It argues that such a strategy must focus on ensuring long term energy supply at affordable costs to consumers, on Turkey’s geopolitical role in terms of regional and global energy concerns, and on fair competition and environmental challenges.