Turkish economy is highly dependent on fossil energy imports. With limited domestic production of energy and rapid industrialization, urbanization and population growth, Turkish vulnerability to costly energy imports poses a serious threat to the country’s comparative advantage while generating rising current account deficit in the short-term. To date, Turkey has managed to obtain its imported natural gas through long-term contracts, typically 15–20 years, with relatively favourable import prices.

Additional Metadata
Persistent URL dx.doi.org/10.1007/978-3-319-63636-8_5
Series Lecture Notes in Energy
Citation
Yorucu, V. (Vedat), & Mehmet, O. (2018). Turkish energy market: Transformation, privatization and diversification. In Lecture Notes in Energy. doi:10.1007/978-3-319-63636-8_5