Research Article

An Evaluation of Turkey's Natural Gas Hub Development Process

Volume: 7 Number: 1 April 22, 2021
TR EN

An Evaluation of Turkey's Natural Gas Hub Development Process

Abstract

Since Turkey is a natural bridge located between the gas reserves and consumption regions, it has a big potential to create a successful natural gas hub. Although initial steps have been taken to path the way to facilitate the gas trade and create a gas hub in Turkey, there is still a long way. In this study, we derived requirements from the literature to create a working gas hub, analyzed the Turkish natural gas market’s current structure in light of the derived requirements by benchmarking with developed European gas hubs, and made several policy suggestions to form a new market structure for the sake of creation of a successful gas hub. The most important result that we have obtained via this study is that Turkey is on a critical path before the expiration of long-term supply contracts and should draw a strategic path as soon as possible.

Keywords

References

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Details

Primary Language

English

Subjects

Economics , Public Administration , International Relations

Journal Section

Research Article

Publication Date

April 22, 2021

Submission Date

January 19, 2021

Acceptance Date

February 24, 2021

Published in Issue

Year 2021 Volume: 7 Number: 1

APA
İcik, Y. E., & Atak, M. (2021). An Evaluation of Turkey’s Natural Gas Hub Development Process. Uluslararası Ekonomi Ve Yenilik Dergisi, 7(1), 75-90. https://doi.org/10.20979/ueyd.863547

Cited By

International Journal of Economics and Innovation

Karadeniz Technical University, Department of Economics, 61080, Trabzon/Türkiye

https://dergipark.org.tr/en/pub/ueyd


33974

 This work is licensed under a Creative Commons Attribution 4.0 International License.