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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 of their country’s transformation into a global power; through the Black Sea, Russia could sail on the West. From 1783 onward, Moscow used its sea presence...

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 Kaminara, Director/Special Adviser European Commission, currently Academic Visitor at St.Antony's College, Oxford Gulmira Rzayeva, Senior Research fellow, energy related issues at Center for Strategic Studies under...

“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 of energy expert Tatiana Mitrova of the Energy Research Institute of the Russian Academy of Sciences. Mitrova gave her analysis at a conference in Moscow on 13 December...

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 Council on 2 April, when the EU’s High Representative for Foreign Affairs Catherine Ashton and Energy Commissioner Günther Oettinger will meet US Secretary of State...

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 decade, constraints of its energy dependency to Moscow, and its 62 years long membership of NATO will likely be tested in this standoff. Moreover, since it...

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 what happens when its supply is interrupted. 2 - These general worries encourage an altogether more immediate political dimension when there are accusations of profiteering. When...

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 the Turkish gas market in its own right has been overlooked. In the post financial crisis period it should be noted that Turkey is the only...

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 of gas to Greek, Bulgarian, Albanian and Italian markets starting from 2019 via the dedicated Trans-Anatolian Natural Gas Pipeline (TANAP) and Trans-Adriatic Pipeline (TAP), key...

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 the year, but this was simply a case of energy suppliers cutting prices after large increases in January. The dip in gas prices has lasted longer,...