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Danila Bochkarev Tag

The Turkish Stream: Where to go from here?

29 January in ENERGY, ENERGY ACADEMY, GEOPOLITICS

Hürriyet Daily News | January 29/2015 Mehmet Öğütçü / Danila Bochkarev |  The landmark agreement on the Turkish Stream reached on Jan. 27 shows Moscow’s determination to avoid Ukrainian transit at all costs and start its implementation without delay. If all goes well, natural gas currently flowing from Russia to the EU via Ukraine will in the future only be delivered via Turkey through the Turkish Stream. This decision followed an announcement of an important change in Gazprom’s business model in Europe – the company is no longer eager to access downstream, plans to sell its gas at the EU’s border and repatriated its...

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 payments remains in red. The current account deficit increased from $49 billion in 2012 to $65 billion in 2013. This ‘financial gap’ is mostly driven...