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The Bosphorus Energy Club

The Turkey-KRG Energy Partnership: Assessing Its Implications

05 June in ENERGY, ENERGY ACADEMY

Massimo Morelli and Costantino Pischedda Dr. Morelli is a professor of economics and political science at Columbia University. Mr. Pischedda is a PhD candidate in political science at Columbia. Ten years after the U.S. invasion and two years after the complete with drawal of American forces from its soil, Iraq faces a number of challenges to its long-term stability and development. These range from corruption to poor public services, from rising terrorist violence to ethnosectarian tensions in the context of a complex powersharing system. An important, but often overlooked, aspect of Iraq’s political scene concerns the dispute between the federal government and the Kurdish Regional Government (KRG) over the management of the country’s and the Kurdish region’s natural resources...

EU’s external energy governance: Amultidimension alanalysis of the southern gas corridor

05 June in ENERGY, ENERGY ACADEMY

Faig Galib Abbasov  University of Sheffield, Elmfield, Northumberland road, Sheffield S10 2TU, UnitedKingdom The major objective of this paper is to apply a multidimensional lens to the E uropeanUnion's(EU's) vision to the yet to be establish Southern Gas Corridor. Iwill argue that,the EU's natural gas vision towards the Caspian basin is b ased not only on bringing additional gas volumes to the EU markets in order to ensur ephysical security of supply.It is rather multidimensional external governance geared, firstly, towards absorbing all the actors along the whole value chain in to the EU's common energy regulatory framework and shifting energy provision from a bilateral political domain. Secondly,it is aprocess of diffusion of...

Geopolitical Market Concentration (GMC) Risk of Turkish Crude Oil and Natural Gas Imports

05 June in ENERGY, ENERGY ACADEMY

Özgür  Arslan-Ayaydin and Inna Khagleeva Abstract This chapter explores the geopolitical risk of Turkey’s crude oil and natural gas diversification portfolios. We use the methodology of Chaterjee (Strateg Anal 36(1):145–165, 2012) to forecast the Geopolitical Market Concentration (GMC) risk of Turkey’s diversification portfolios under worst and best case scenarios. Our analysis is based on the market shares and the political stability of countries supplying crude oil and natural gas to Turkey. The results are robust to the choice of parameters in the double exponential smoothing method, which we use for forecasting. Download the document: Risk of Turkish Crude Oil and Natural Gas...

Re-examining Turkey’s Potential of Becoming a Natural Gas Transit Hub

04 June in ENERGY, ENERGY ACADEMY

Mehmet Baha Karan, C. Coşkun Küçüközmen, and Arif Aktürk Abstract The aim of this study is to investigate the potential for Turkey to play a role as a natural gas hub in view of its location adjacent to the most important gas producer and energy consuming countries. In spite of the importance of the location of Turkey for the energy security of the EU, the current gas stream to Turkey and infrastructure are inadequate due to technical, political and economic factors affecting the Southeastern European energy corridor. During the last 15 years, Turkey has achieved considerable reforms in energy markets and complied with all directives of the European Union....

Iran, Natural Gas and Asia’s Energy Needs: A Spoiler for Sanctions?

04 June in ENERGY, ENERGY ACADEMY

Stephen G. Carter Carter: Iran, Natural Gas and Asia’s Energy Needs Dr. Carter is a research affiliate with the Gregg Centre for the Study of War and Society at the University of New Brunswick, Canada. Demand for natural gas in Asia has grown steadily during the past decade and is expected to increase considerably in the next 20 years. This growth in demand has paralleled an increasingly aggressive regime of international sanctions on Iran over its nuclear-weapons program. Considering the importance of maintaining economic pressure and political solidarity in sanctions regimes, the projected growth of demand for natural gas in some of the world’s fastest-growing economies is creating both short- and long-term strategic implications for the...

Challenges and Opportunities in Nuclear Energy: Promising Option in Turkey?

04 June in ENERGY, ENERGY ACADEMY

World Academy of Science, Engineering and Technology International Journal of Electrical, Electronic Science and Engineering Vol:7 No:2, 2013 I. Mahariq, I. Arpacı Abstract—Dramatic growth in the population requires a parallel increase in the total installed capacity of electricity. Diversity, independency of resources and global warming call for installing renewable and nuclear energy plants. Several types of energy plants exist in Turkey; however, nuclear energy with its several attractive features is not utilized at all. This study presents the available energy resources in Turkey and reviews major challenges and opportunities in nuclear energy. At the end of this paper, some conclusions are stated. Download the document: Challenges-and-Opportunities-in-Nuclear-Energy-Promising-Option-in-Turkey...

Turkey-Kurdish Regional Government Relations After the U.S. Withdrawal From Iraq: Putting the Kurds on the Map?

03 June in ENERGY, ENERGY ACADEMY, GEOPOLITICS

- Published by www.strategicstudiesinstitute.army- Authored by Bill Park. - Added March 12 2014- The withdrawal of U.S. combat forces from Iraq at the end of 2011 left behind a set of unresolved problems in the relationship between the Kurdistan Regional Government (KRG), and the Federal Government in Baghdad, compounded by Erbil’s subsequent pursuit of an energy relationship with Turkey. This has deepened both Turkish-Iraqi and regional sectarian tensions and, along with developments in Syria, has raised the specter of wider Kurdish self-determination, a prospect that Washington has been slow to recognize. Download the document: pub1190 ...

Turkish-US Energy Partnership II

02 June in ENERGY, ENERGY ACADEMY

Published by Hurriyet Daily News | June/02/2014MEHMET ÖĞÜTÇÜ, PAUL MICHAEL WIHBEY For both Washington and Ankara, the stakes are high, possibly higher than many experts and officials in the two capitals realize. Not only is a new Eurasian economic partnership of significant proportions emerging to the north and east of Turkey’s borders, but the shift in the global balance of power emanating from this new energy-driven partnership could send powerful and consequential reverberations into the Caspian and Middle East petroleum-rich regions. The Middle East and the Gulf region are in no state of stability – the “Arab awakening” brewing and spreading, as well as...

The US-Turkish energy partnership in a changing world of energy and geopolitics

31 May in ENERGY, ENERGY ACADEMY

Published by HurriyetDaily News | May/31/2014   MEHMET ÖĞÜTÇÜ – PAUL MICHAEL WIHBEY Energy and geopolitics, which cannot be treated in isolation from one another, today dominate both Turkish and American strategic thinking more than any time in the history of their bilateral relations. With the stroke of a pen that closed the historic $400 billion Russia-China gas supply agreement on May 21, the geo-strategic era that commenced on Sept. 11, 2001, was superseded with a new and quite different ordering of global power. China’s further proposal to push forward with another ambitious Free Trade Area of the Asia-Pacific has also received a cold reception from the United States,...

A Central Asia/Caspian testimony

21 May in ENERGY, ENERGY ACADEMY

By David A. Merkel, Former Deputy Assistant Secretary of State for European and Eurasian Affairs and Director at the National Security Council, the United States, and the US liaison for The Bosphorus Energy Club. Introduction - I would like to thank Chairman Rohrabacher, Ranking Member Keating and the Members of the House Foreign Affairs Subcommittee on Europe, Eurasia, and Emerging Threats for the opportunity to testify today. Further, I would like to commend the Committee for exploring this topic today. Too often, the issue of energy security, or Eurasia more broadly, tends to be discussed in reaction to steps planned and carried out by Moscow or...

Options for Delivering Iranian Gas to Europe Via Turkey

16 May in ENERGY, ENERGY ACADEMY

May 16 2014 Backround - As the struggle between Russia and the West in Ukraine deepens, Europe is beginning to reconsider its options vis-à-vis weakening Russia's energy monopoly in the European market. Throughout the political negotiations with Moscow, the energy dependency has remained starkly obvious as Europe's 'Achilles heel'. In the context of changing international environment, Iran's role in delivering gas to European markets introduces an interesting new dynamic, representing a potential alternative in the diversification of European energy sector. According to old estimates, Iran has the world's second-largest natural gas reserves after Russia. BP's recent statistics, however, indicates that Iran has...