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The Bosphorus Energy Club

Turkey and Russia’s Age-Old Struggle for Regional Supremacy


Published by www.foreignaffairs.comMAY 12, 2014By Akin Unver The Ottoman Empire’s loss of Crimea to the Russian Empire in 1783 was a turning point in both civilizations’ histories. For the Ottomans, it was the first permanent loss of a major Muslim territory to a Christian power, in this case Catherine the Great’s Russia, which, like President Vladimir Putin’s Russia, had intervened in a Crimean civil war and eventually annexed the peninsula. For the Russians, it was the beginning...

1st EUCERS/ISD/KAS Energy Talk – Trailer


Published by: Youtube 28.04.2014 The first in a series of five workshops on "Changing Political and Economic Dynamics of Global Energy Flows" jointly organised by EUCERS, Institute for Strategic Dialogue (ISD) and Konrad Adenauer Foundation in London (KAS) discussed the topic of "Turkey and Mediterranean Gas: What does it mean for Europe and the world?". Speakers were: Professor Dr Friedbert Pflüger, Director, EUCERS King's College London Hans-Hartwig Blomeier, Director London Office, Konrad-Adenauer-Foundation (KAS) HE Daniel Shek, Former Israeli Ambassador to France Androulla...

“European gas market will go from very tight to strongly competitive”


December 20, 2013 -Author: Karel Beckman - Tagged: European gas market, geopolitics, infrastructure,renewables  [caption id="attachment_1299" align="alignleft" width="300"] Tatiana Mitrova (Photo: Energy Academy Europe)[/caption] The European gas market will see “strong competition in the future”. This means that despite declining domestic production, Europe’s dependence on Russian gas will not increase over the long term. In the short term, however, over the next five years or so, Europe’s gas market could become very tight and Russia’s position will be stronger than ever. These are the expectations...

EU, in search of an energy strategy, clutches at US “security”


March 28, 2014 -  Author:  Sonja van Renssen-  Tagged: climate change, energy efficiency, EU energy policy,European gas market, geopolitics, nuclear energy, renewables, shale gas, unconventionals, US energy policy. European access to US liquid natural gas (LNG) exports would be “much easier” with a Transatlantic Trade and Investment Partnership (TTIP) in place, US President Barack Obama said at an EU-US summit in Brussels on 26 March, at which energy concerns took centre stage. But the real energy action is likely to take place next week at the EU-US Energy...

The Crimean Standoff: Implications for Turkey


EDAM Discussion Paper Series 2014/2 The Crimean Standoff: Implications for Turkey Can Kasapoğlu Research Fellow, EDAM Faculty Member, Girne American University F. Doruk Ergun Research Assistant, EDAM Download the pdf document: Crimea_Turkey Introduction Standing in between the West and Russia, Ukraine’s geostrategic significance for these two rivaling powers is matched by few others. But as a Black Sea littoral nation and also as a NATO member, the outcome of the crisis will have major geopolitical impacts also for Turkey. Ankara’s improving economic and diplomatic relations with Russia in the last...

Energy Futures Network


FEBRUARY 2014 - Dieter HELM -  -  Why are electricity prices so politically toxic?1 - The price of electricity has become a centerpiece of political debate. It provides a focus for a whole set of political concerns and prejudices. It directly impacts on household budgets and hence highlights the “squeezed middle”. Electricity is provided by big companies¾hitting the “fat cats” and “monopoly capitalism”  buttons. It is essential to modern life, and just like cash machines, we fear...

Natural Gas in the Turkish Domestic Energy Market: Policies and Challenges


  Published: | 10th February 2014 | By: Gulmira Rzayeva  Download the Publication from:  Over the past 10 years or so Turkey has featured prominently in the various schemes to open a ‘fourth corridor’ of gas supply to the core European national gas markets.  The grandeur of earlier visions has morphed into a pragmatic and initially more modest scheme to supply 10 Bcm/yr of gas beyond Turkey.  With the Euro-centric political excitement around ‘Nabucco’ on the wane the importance of...

Natural Gas Market Developments and Marketing in Europe: Ramifications for the Shah Deniz Consortium

11 February in ENERGY, ENERGY ACADEMY - February 05th, 2014 -  On December 17th of last year, the Shah Deniz consortium announced a final investment decision to sanction development of second phase of the Shah Deniz project, one of the world's largest gas-condensate fields. The FID was a significant breakthrough towards the materialization of the Caspian-gas-to-Europe project and the realization the “Southern Corridor.” The consortium had secured buyers for its gas in September of last year, with agreements to transport slightly more than 10 bcm...

Energy bills: Who pays the most in Europe?


By Richard Anderson / Business reporter / BBC News Electricity and gas prices vary wildly depending on where you live in Europe High energy bills may top the political agenda in the UK, but households all over Europe are feeling the squeeze.  Since 2010, both gas and electricity prices have risen markedly, largely due to rises in wholesale prices on the back of the tentative global economic recovery and expectations of higher demand. Electricity prices fell in the first half of...

Iraq and Iran plot oil revolution in challenge to Saudi Arabia


Iraq sets its sights on the top spot of Middle East oil producers  By Andrew Critchlow 28 Jan 2014 Iraq's goal of pumping 9m barrels a day of crude could be a game changer for oil prices and British companies Iraq is poised to flood the oil market by tripling its capacity to pump crude by 2020 and is collaborating with Iran on strategy in a move that will challenge Saudi Arabia's grip on the Organisation of Petroleum Exporting Countries. "We...

Turkey as a regional natural gas hub: myth or reality?


Authors: Simone Tagliapietra Series: Energy: Resources and Markets Keywords: Natural Gas Markets, Southern Gas Corridor, Eastern Mediterranean Gas Corridor, Turkey Gas Outlook, EU Energy Policy, EU Security of Gas Supply Abstract Over the last years Turkey has been increasingly associated in the international political and economic debate with concepts such as “gas corridor” and “gas hub”. This characterization of Turkey is clearly mainly due to its unique geographical position at the crossroads the Caspian region, the Middle East and...

The Beijing Energy Club’s 2013 Annual Report


  Beijing Energy Club (BEC) had a very productive year in 2013, during which a total of 16 events, including 11 special-focus seminars, were organized. It was a record-setting year in terms of the quality and quantity of events since its inception five years ago; from Energy in the Arctic – environmental and geopolitical challenges at the beginning of the year to Recommending on China’s Natural Gas Development at the end of the year, every single...

Summary and Future Agenda

27 January in THE LAUNC MEETING – ISTANBUL - 12.12.2013

THE REGIONAL GAME-CHANGERS Energy, Investment and Geopolitics Sait Halim Paşa Yalısı, Istanbul, Turkey 12 December 2013 Click here for PDF document: The Launch Meeting Summary and Future Agenda    In a nutshell 1 - In the words of one senior business executive, “The Bosphorus Energy Club (BEC) has produced what it set out to do” as was saidat its launch meeting and ensuing dinner debate on 12 December 2013. 2 - Around 90 executives from China, Japan, Germany, France, the United States, the United...

Discussion Notes on the Regional Game -Changers

27 January in LATEST, THE LAUNC MEETING – ISTANBUL - 12.12.2013

Energy, Investment and Geopolitics Sait Halim Pasa Yalısı, Istanbul, Turkey 12 December 2013 The launch meeting of the Bosphorus Energy Clubhas identified key global and regional game-changers that are likely to shape and inform critical investment decisions, policy choices as well as energy diplomacy in the region.  It has also provided thought for food regarding the Club’s future orientation. Global game-changers 1 - Energy is no longer a simple commodity – it is an instrument of national security, economic prosperity...

Some of the discussants and participants

27 January in LATEST, THE LAUNC MEETING – ISTANBUL - 12.12.2013

Taner Yıldız, Minister of Energy and Natural Resources, Turkey, Amos J Hochstein, the US Deputy Assistant Secretary of State for Energy Diplomacy, Seyed Ali Mohammad Mousavi, Secretary-General of the D8 Economic Co-operation Organisation, Traicho Traikov, Bulgaria’s former Minister of Energy, Nuri Balrwin, Chairman, Libya National Oil Corporation, Friedbert Pflüger, Director of European Center for Energy and Resource Security at King’s College London and Germany’s former Deputy Minister of Defence, Bolat Akchulakov, Deputy Minister of Oil and Gas, Kazakhstan, Xiaojie...