Commodity Market Report
Turkey energy markets long-term outlook 2019
Report summary
Turkey's energy consumption will increase by 21% from 2019 to 2040. The largest and fastest growing section of the mix will be oil, symptomatic of a growing demand for personal vehicles and underpinned by robust economic growth. That is despite recent economic turmoil laying bare the fragility of the Turkish economy in the near term, which saw imported commodity prices spike. Major winners in the short term will be coal, mostly domestic, which will receive a boost driven by government incentives in an attempt to reduce the energy import bill that has spiralled in response to the plummeting value of the Turkish Lira. Longer term, as the government continues to pursue greater self sufficiency in the energy mix, renewable power will experience significant growth. However, despite increasing their penetration, renewables - and nuclear power - will not grow fast enough to reduce gas demand, ensuring gas retains its position as the second-most consumed fuel throughout the forecast.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
04 December 2020
Turkey energy markets long-term outlook 2020
Commodity Market Report
Turkey energy markets long-term outlook 2020
Beyond coal there is a changing landscape for gas and renewables
$1,65006 September 2019
Ghana energy markets long-term outlook 2019
Commodity Market Report
Ghana energy markets long-term outlook 2019
Ghana energy markets report long-term outlook 2019
$1,65021 August 2019
Turkey gas and LNG markets long-term outlook 2019
Commodity Market Report
Turkey gas and LNG markets long-term outlook 2019
Turkey gas and LNG markets long-term outlook 2019
$2,500