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Energy Report Turkey 1st Quarter

  • ID: 2766737
  • Report
  • February 2020
  • Region: Turkey
  • 16 Pages
  • The Economist Intelligence Unit
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The Economist Intelligence Unit estimates Turkey's energy consumption at approximately 159,000 kilotonnes oil equivalent (ktoe) in 2019. We forecast that consumption will increase at an annual average growth rate of 2.8% during the forecast period (2020-29), to reach 209,000 ktoe in 2029. Turkey's energy consumption growth will be driven be relatively healthy GDP growth, which we expect to be above 3% over the forecast period.

We expect that Turkey's first nuclear reactor, Akkuyu 1, will begin operating in 2023. This will be the first of up to four that have been planned, but to date we have only included this initial reactor, which began construction in April 2018, in our forecast. There is potential for delays to this project, however, while construction of the other three projects (Akkuya 2,3, and 4) has not yet begun.

In January 2020 the TurkStream natural gas pipeline formally began operations, which connects Russian natural gas to south-eastern Europe via the Black Sea and Turkey. The pipeline has a total capacity of 31.5bn cu metres, consisting of two lines of 15.75bn cu metres each. One line will supply the Turkish market, while the second line will traverse Turkish territory to the border with Bulgaria, from which it will supply markets in south-eastern Europe.

Industry List: Coal, Energy, Electricity, Energy, Energy, Energy, Energy policy, Energy, Nuclear, Energy, Oil and gas, Energy, Renewables, Energy, Risk and return
Industry Codes (NAIC): 22;22;336
Industry Codes (SIC): 37;49;49
Note: Product cover images may vary from those shown
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Energy Report Turkey 1st Quarter

Energy report: Overview

Energy report: Energy policy

Energy report: Oil and gas

Energy report: Electricity

Energy report: Coal

Energy report: Nuclear

Energy report: Renewable energy

Energy report: Risk and return
Note: Product cover images may vary from those shown
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