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Gün + Partners is joining the 5th Invest in Turkey Forum 2017 in London on 28 April 2017.
Ozan Karaduman, Managing Associate, is the panellist in “The Energy Industry in Turkey – The Most Important Questions?” session.
Topics for discussion include:
Turkish energy strategies: Where is Turkey headed?
What projects are expected to be announced over the next 12 months?
What changes are being made to regulatory / legislative framework to determine more i...»
Turkey is not a large producer of oil and natural gas resources. Its oil and gas production is minimal when compared to its hydrocarbon-rich neighbours such as Azerbaijan, Russia, Iraq, and Iran. Yet, it still has a specific advantage: it is located between these oil-rich countries and the highly industrialised and developed western economies, which are large oil and natural gas consumers.
Currently, crude oil and natural gas are carried via land pipelines to Turkey from Russ...»
Turkey is on a journey toward becoming an oil and gas hub. But the country has to face geopolitical and financial challenges to achieve this goal, while it enjoys a perfect geographic location and has the necessary legislation; say Ozan Karaduman, managing associate of Istanbul-based law firm Gun and Partners, and associate Direnç Bada.
Turkey is not a large producer of oil and natural gas resources. Its oil‒gas production is minimal when compared to its hydrocarbon-rich neig...»
Turkey is a country almost barren of oil and natural gas resources. Its production is minimal when compared to its hydrocarbon rich neighbours such as Azerbaijan, Russia, Iraq and Iran. Although recent exploration activities suggest a potential in terms of oil and natural gas, Turkey is not expected to be an important oil or natural gas producer in the short or even mid-term.
Although Turkey does not have the natural resources of its neighbours, it still has a specific advant...»
Solar power has been one of the hot topics in the Turkish energy market in recent years. Considering the immense potential of solar energy, especially in the southern part of Turkey (approximately 1,330 kW/m2per year), the attention to solar power has come as no surprise. Both local and foreign investors are making plans to take part in the nascent Turkish solar market.
Although the potential of solar power in Turkey has been recognized for many years, it was not until June 2...»
After decades of trying Turkey’s nuclear power programme is finally getting underway. As the country prepares for a new era of greater energy self-sufficiency, key legislation still needs to be put in place
Turkey’s efforts to establish a nuclear energy programme dates back to the 1960s. However, it was not until May 2010 that the country took its most concrete step towards realising its nuclear ambitions, signing an agreement with Russia for the construction of its first pl...»
Turkey’s efforts to bring nuclear energy into its energy mix dates back to the 1950’s. However, it was not until May 2010 that Turkey took its most concrete step towards nuclear power, signing an agreement with Russia for the construction of its first plant.
This has been followed by an agreement signed with Japan in May 2013 for the construction of a second nuclear power plant. The Turkish government is also working on different scenarios for the construction of a third pl...»
In March 2013 a new Electricity Market Law was enacted, with the aim of improving energy regulation and attracting greater investment in the electricity market. One of the highlights was the introduction of EPIAS, the new energy market operating company, which would establish and operate an electricity stock exchange, among other activities.
EPIAS was initially planned to commence operations in October 2013, but it took longer than expected to lay the groundwork ...»
The electricity market has been one of the most active and attractive markets for investors in the last years in Turkey. With the enactment of the previous Electricity Market Law in 2001 (the Previous EML), private investment became the principie, instead of being an exception in the market. This immediately started to show positive effects in attracting private investment – 10 years ago the private sector represented a mere 38% of the electricity market, which increased to 6...»
In May 2013 the Appellate Body of the World Trade Organisation (WTO) rendered a decision against the Ontario government regarding a prerequisite that renewable energy power plants use a certain percentage of domestic components in order to be eligible for the feed-in tariff (FiT) mechanism. Although this decision is not binding on Turkey, it has important implications, as Turkey also incentivises the use of domestic components in renewable energy power plants.
Taner Yıldız, the minister of energy and natural resources, recently commented that “there cannot be a growing economy without a growing energy sector”. This statement reflects estimations that Turkey’s electricity demand and supply must double by 2023 if the government’s economic goals are to be achieved.
Turkey depends heavily on imported oil and gas to produce electricity. The government has put much effort into increasing the use of local resources in electri...»
Turkey has been very active in terms of legislative changes relating to its energy market in the first half of 2013. A new law regulating the Turkish electricity market (“new EML”) was enacted in March, followed by the long-awaited new Petroleum Law (the “NPL”) in May. This legislative activity is a part of Turkeys efforts to improve its energy regulations and to attract more investors in its energy markets. This article explains the most important aspects of the new EML and ...»