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The Bosphorus Energy Club

IENE Completes Pioneering Study on Natural Gas Pricing Hub for SE Europe

17 November in ENERGY, ENERGY ACADEMY

Published by: IENE | News | Announcements | The European gas sector is facing major challenges affecting the way natural gas is traded and priced. Oil indexation is the dominant pricing mechanism, but is currently under increasing pressure as trading is gradually shifting to indexation on hub market prices. The European gas sector is facing major challenges affecting the way natural gas is traded and priced. Oil indexation is the dominant pricing mechanism, but is currently under increasing pressure...

Privatization: Who will run Istanbul’s gas grid?

15 November in ENERGY, ENERGY ACADEMY

Published by: Hurriyet Daily News | 15 November 2014 |    Mehmet Öğütçü | The coming tender to privatize the distribution of Istanbul’s gas to its 5.1 million customers should not be seen as a simple commercial transaction of “whoever pays the most in the bidding round will win the contract.” It is rather strategic for many reasons affecting Turkey’s energy security, investment climate, environmental quality and trading ties. Most of all, it is strategic due to the magnitude of...

Building Tomorrow’s Europe. The Role of an “EU Energy Union”

13 November in ENERGY, ENERGY ACADEMY

Review of Environment Energy and Economics | 13 Nowember 2014 | by Simone Tagliapietra | Energy has been at the core of the EU integration since its inception. However, following the path of a shooting star, the key role of energy gradually declined over time, to the level of being basically left out from the Treaties, at least up to Lisbon. The EU has struggled to circumnavigate this “energy-gap” of the Treaties by legislating on energy-related...

The Bosphorus Energy Club: Enerji Fonu Oluşturulması Lazım

10 November in Uncategorized

enerjimag.com | 10 Aralık 2014 The Bosphorus Energy Club (BEC)’in Perşembe günü geniş bir uluslararası katılımla gerçekleştireceği toplantı öncesinde değerlendirmelerde bulunan BEC İcra Kurulu Başkanı Mehmet Öğütçü, “Türkiye’nin önümüzdeki 10 yılda enerji alanında 120 milyar dolar yatırıma ihtiyacı var. Gerek mevcut enerji tesislerinin yenilenmesi, gerekse yeni yatırımların yapılması için yılda en az 12 milyar dolar bulması gerek. Ama Türkiye’nin buna ayıracağı kendi kaynağı yok” dedi ve ekledi: “Bu yatırımların finanse edilebilmesi için yeni finans kaynaklarına ihtiyaç...

How to finance energy efficiency

08 November in ENERGY, ENERGY ACADEMY

Published by International Energy Agency‌ > Newsroom & events > IEA journal > Issue 7 | 4 November 2014  | Banks lead in lending, but they often need a helping hand [caption id="attachment_2846" align="alignright" width="361"] Banks are altering loans for building retrofits, like this one in Istanbul, to include costs to better energy efficiency.[/caption] Interest in financing energy efficiency is increasing worldwide, as are investment opportunities, with a dramatic expansion in recent years in the number and variety of funding programmes as well as the diversity of...

The Outlook for Global Energy Investment

07 November in ENERGY, ENERGY ACADEMY

Published By: www.friendsofeurope.org | © Friends of Europe, Summer 2014 | The outlook for Global Energy Investment Report of the high-level Policy Insight on the occasion of the official Brussels launch of the International Energy Agency's (IEA) "World Energy Investment Outlook" co-organised by Friends of Europe and the International Energy Agency (IEA) in association with OMV with media partner Europe’s World. *** This report reflects the rapporteur’s understanding of the views expressed by participants. Moreover, these views are not necessarily those of the organisations that participants represent,...

World Energy Outlook 2011 Factsheet

03 November in ENERGY, ENERGY ACADEMY

How will global energy markets evolve to 2035? | © OECD/IEA, 2011 | Publihed link: www.worldenergyoutlook.org |  Major events of the last year have had an impact on short- and medium-term energy trends, but have done little to quench the world’s increasing thirst for energy in the long term. The level and pattern of energy use worldwide varies markedly across the three scenarios in this year’s World Energy Outlook (WEO-2011), which differ according to assumptions about government policies on...

Defibrillating the Vertikal? Putin and Russian Grand Strategy

08 October in ENERGY ACADEMY, GEOPOLITICS

Published by: Chatham House | The Royal Institute of International Affairs Date: 07 October 2014 Author: Dr Andrew Monaghan | Senior Research Fellow, Russia and Eurasia Programme The Ukraine crisis has demonstrated the effectiveness of the Russian power vertikal, but it also reflects the difficulties the leadership faces in creating that power. [caption id="attachment_2750" align="alignnone" width="582"] Russian builders repair a part of the Kremlin wall at Aleksandrovsky garden in Moscow on 25 September 2014.       Photo by Getty Images.[/caption] This...

Forging a new ‘EU-Turkey gas initiative’ in the aftermath of the Ukraine crisis?

23 September in ENERGY, ENERGY ACADEMY

Published by: Hürriyet Daily News Date: September/23/2014   MEHMET ÖĞÜTÇÜ / SIMONE TAGLIAPIETRA The ongoing game-changers in energy and geopolitics will likely force Ankara and Brussels to consider a joint strategy over how to achieve gas supply security, particularly in view of what’s happening in the Black Sea region, the Western sanctions against Russia and the re-opening of the Pandora’s Box in the Middle East. With Russia’s annexation of Crimea heightening tensions with Europe, there have been renewed calls to...

The EU-Turkey Energy Relations After the 2014 Ukraine Crisis

16 September in ENERGY, ENERGY ACADEMY

  2014.075 NOTE DI LAVORO The EU-Turkey Energy Relations After the 2014 Ukraine Crisis. Enhancing The Partnership in a Rapidly Changing Environment Authors: Simone Tagliapietra Series: Energy: Resources and Markets Series Keywords: EU-Turkey Energy Relations, EU Energy Security, Southern Gas Corridor JEL n.: Q40, Q42, Q48 Abstract - Over the last two decades energy has emerged as an increasingly important component of the overall EU-Turkey relations. In particular, the Southern Gas Corridor (SGC) and its flagship project, Nabucco, soon became the pivotal element...

Fossil fuel divestment: a $5 trillion challenge

25 August in ENERGY, ENERGY ACADEMY

about.bnef.com | 25 August 2014 | Nathaniel Bullard |   Contents 1. BACKGROUND AND PURPOSE OF THIS WHITE PAPER 2. INSTRUMENTS ADDRESSING DIVESTMENT 3. FOSSIL FUELS AND INVESTOR IMPERATIVES 4. KEY INVESTORS IN OIL & GAS AND COAL 5. CLEAN ENERGY INVESTMENT OPTIONS 6. INVESTMENT IN OTHER SECTORS 7. DIVESTMENT IS A CHALLENGE AND AN OPPORTUNITY Oil & gas and coal companies form one of the world’s largest asset classes, worth nearly $5trn at current stock market values. In the past two years, dozens of public and private institutions...

Executive Summary of the 27 June Club Meeting, Istanbul

24 July in CURRENT MENU, EVENTS & ACTIONS, LATEST

  Summary from the Executive Chair [tabs] [tab title="In a Nutshell"] 1. The second meeting of The Bosphorus Energy Club took place at Sait Halim Pasha Palace on 27 June 2014, earlier than its usual annual meeting because of the critical recent developments in the region ranging from Russia’s annexation of Crimea and its energy-geopolitics implications in the Black Sea to how the future of oil hangs on Iraqi politics, from the narrow window of opportunity in the East Med gas to Turkey’s...

Difficult days awaiting Turkey on energy

10 July in BEC IN THE MEDIA

Hürriyet Daily NewsJuly/08/2014Autor: Gila Benmayor *** I asked about the IS’ unstoppable grip over energy resources to Mehmet Öğütçü, the CEO of London-based Global Resources. Öğütçü is also a nonexecutive director of Genel Energy which is active in northern Iraq. The IS’ energy moves are well calculated, target-oriented steps, according to Öğütçü. “The first move was to seize the oil and gas reserves in Syria’s east. And then it captured Mosul’s oil, the oil pipeline infrastructure and finally the...

For shale gas to take off in Turkey, better incentives and environmental regulations needed

10 July in ENERGY, ENERGY ACADEMY, GEOPOLITICS

Danila Bochkarev, Senior Fellow, EastWest Institute (Brussels) Mehmet Öğütçü, President, the Bosphorus Energy Club (London/Istanbul)  Clearly, energy is Turkey’s softbelly and it needs to be enhanced through new sources including shale gas. The country is in dire need of energy supplies to fuel its rapidly growing economy – despite some difficulties Turkey’s GDP still grew 4 % to $826 billion last year. However, the picture is not as rosy as it looks at first sight. Turkey’s balance of...

Irak Petrolü…

07 July in BEC IN THE MEDIA

Yayımlayan Enerji Madencilik 07/07/2014 Yaklaşık bir yıldır Irak Kürdistan Bölgesel Yönetimi (IKBY) ile yatıp kalkıyoruz. Ondan önce benzer ilişkiyi Irak Başbakanı Nuri el Maliki ile denemiş, sürdürememiştik. IKBY ile enerji anlaşmalarına, Kuzey Irak’ın Kürt petrolünün dünyaya pazarlanmasına aracılık rolüne soyununca da Güney Irak’la ilişkilerimiz kopmuş, yaptığımız anlaşmalar iptal edilmişti. “Erbil’de varız, Basra’da yokuz” tablosu şu an lehimize gibi görünüyor, 6 ay sonra neler olabileceğini bilmiyoruz. Konu enerji de olsa dış ilişkilerin bu kadar kısa sürede değişkenlik...

IŞİD’in hedefinde su kaynakları da var

07 July in BEC IN THE MEDIA

Yayımlayan  Hürriyet | 07/07/2014 IRAK Şam İslam Devleti (IŞİD) örgütünün son haftalarda elde ettiği galibiyetler, Dicle ve Fırat nehirleri boyunca aylardır sürdürdüğü manevralara da bağlı. Analistler, nehir ve baraj gibi su kaynaklarının IŞİD için önemli bir silah haline geldiğine dikkat çekiyor; ayrıca, Irak ve Suriye’deki çatışmaların sonucunun, bölgenin giderek azalan su kaynaklarını kimin kontrol edeceğine bağlı olabileceğini vurguluyor. Uluslararası enerji uzmanı Mehmet Öğütçü, IŞİD’in sadece Sünni bölgeleri işgal etmekle kalmayıp, aynı zamanda Fırat Nehri boyunca olan kentleri ele geçirdiğine işaret...

Türkiye Bu Önemli Fırsatı Kaçırabilir

06 July in BEC IN THE MEDIA

Yayımlayan: Enerji magazin | 06.07.2014 / 13:13  Mehmet Öğütçü: Türkiye, Doğu Akdeniz gazında fırsatı kaçırabilir Enerjimagazin-The Bosphorus Energy Club Başkanı ve eski diplomat Mehmet Öğütçü, Doğu Akdeniz doğalgazının Türkiye’ye gelmesi ve Türkiye üzerinden Avrupa piyasalarına ulaşması için 7-8 aylık bir süreçte yatırım aşamasına geçme konusunda bir adım atılamazsa fırsat penceresinin kaçabileceğini söyledi. Yarın yapılacak olan Bosphorus Energy Club toplantısı öncesinde gazetecilerle bir araya gelen Öğütçü, "Doğu Akdeniz gazı ile ilgili yatırım konusunda 7-8 aylık bir fırsat penceresi var. Bu dönemde yatırım...