The Bosphorus Energy Club | Building bridges and forging partnerships in regional energy
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The Bosphorus Energy Club

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...

Our Partners

26 January in OUR PARTNERS

The club has entered into mutually beneficial partnership with many like-minded, influential international groups including, inter alia: [easy-media cat="37" col="2" align="center"] The club is also in the process of creating a network of international energy advisors from Central Asia/Caspian, Russia, China, the MENA, the Gulf, Africa, South Asia and South East Europe, who will serve as regional liaison and advise the club activities and its members....

Davos summit calls for cleaner energy, focus on climate change


JOHN HEILPRIN DAVOS, SWITZERLAND — The Associated PressPublished Wednesday, Jan. 22 2014, 5:51 PM ESTLeaders gathered in the Swiss ski resort of Davos are pushing for nations worldwide to shift to cleaner energy sources as the best way to contain global warming and re-energize the global economy. UN climate chief Christiana Figueres, reflecting the top billing that climate change has in Davos this year, said the world economy is at risk unless a binding deal is agreed in Paris in...

Mehmet Öğütçü


In English |  Chairman, Global Resources Partnership, UK Special Envoy for The Energy Charter, Brussels Executive Chairman, The Bosphorus Energy Club, Istanbul Independent Board Member, Genel Energy plc,  London and Sisecam Group, Istanbul   An internationally recognized authority on geopolitics, energy diplomacy, and investment, Mehmet has built significant knowledge and experience in the fields of energy, natural resources, investment and geopolitical risks with particular geographic focus on Europe, Turkey, Central Asia, Russia, Africa, the Middle East and China.   Based in London, Paris, and Istanbul, his...


06 January in MEMBERSHIP

  The Club and its activities are financed entirely through membership fees, listed below, (which vary for founding partners and regular members) and company/ government sponsorship for ad hoc activities. The founding partners serve as directors of the board, are offered a higher profile and power to influence the programme of work and enjoy exclusive access to senior-level engagements, strategic insights and activities. Regular Club members pay a fixed subscription per year in order to benefit from the Club...