BEC_No3_Vol5

Game-Changers in Energy, Geopolitics and Investment

Sait Halim Pasha Palace | Istanbul

Building bridges and forging partnerships in energy

The Bosphorus Energy Club is an exclusive membership-only gathering of senior leaders and executives in energy, investment and geopolitics. It serves as a Track-II energy diplomacy channel as well as a discreet but powerful summit of the top decision-makers for regional issues and projects in Eurasia, the Middle East and North Africa, the Gulf, and Southeast Europe.

Honorary Chairman : Taner Yıldız, Minister of Energy and Natural Resources, Turkey
Executive Chair : Mehmet Öğütçü, Chairman, Global Resources Partnership, UK

Meetings

13 December 2013 : “The Regional Game-Changers”
27 June 2014 : “Energy, Geopolitics and Investment”
11 December 2014 : “How and from where to raise fresh funding for energy projects and deals?”

A master class in energy, investment and geopolitics

Mehmet Öğütçü
Executive Chair

Discussions in a nutshell

1. The third meeting of The Bosphorus Energy Club took place at Sait Halim Pasha Palace, Istanbul, on 11 December 2014, featuring the main theme “How to find new sources of funding for energy projects and deals?” particularly on this side of the Atlantic where financing of long-term projects is fraught with challenges when compared to North America.

2. The future of energy reforms in Turkey was a recurring theme. We were also able to cover a wide range of critical issues that concern our members. The oil price crash generated non-linear effects: low oil prices are raising questions about the economic stability of some key regions, such as Eurasia, the Middle East and North Africa, the Gulf and East Asia, increasing the geopolitical risks with potentially de-stabilising effects. We tried to understand the dynamics of how the game has changed and who the new players and the rules of the game are in the natural gas sector as well.

3. Additionally, we discussed the progress scorecard for other regional energy deals and projects, including the Southern Gas Corridor, the energy sector implications of the sanctions against Russia and Iran, Russian President Putin’s “Turkish Stream” proposal, the risks in East Mediterranean gas, the South East Europe’s transmission networks, the proposed Energy Union, Iran’s re-entry into the regional gas industry, KRG’s oil and gas exports, and Afghanistan’s TAPI and “renaissance” in nuclear energy and renewables.

Click to more: BEC No3 Rapor Vol5-30.03.2015