Primary gas demand in Turkey has increased significantly from 15 bcm in 2000 to reach 45 bcm in 2012. Most of this growth occurred in the power generation and residential/commercial sectors. The Turkish power sector is currently dominated by gas-fired plants with the capacity increasing from 6.7 GW in 2000 to nearly 20.4 GW by 2012. In June 2013 Shah Deniz partners selected TAP over Nabucco West as a preferred pipeline to transport 10 bcm of Azeri gas through Turkey to Europe.
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Due to their sensitivity to political events and the global economy, energy demand and trade remain extremely volatile. The rapidly changing cost environment for hydrocarbon production and renewable energy, combined with energy policy changes, means the fuel mix in energy markets can be unpredictable at best. Further complicating the outlook is the transition and pace of the energy-intensive developing world from industrial to services-based economic growth, supporting the growing need for power generation.
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Commodity market report | Jul 2013
Turkey energy markets outlook 2013 - gas
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