World · Europe · 1 hr ago

Turkey calls for energy cooperation amid global market shocks

Turkey calls for energy cooperation amid global market shocks

Turkey’s energy minister called for wider cooperation to address repeated shocks in global energy markets during a meeting in Moscow.

He said Turkey and Russia benefit from energy ties: Turkey provides a growing market for Russian energy, while Russia helps meet Turkey’s energy needs.

Turkey imports much of the gas, oil and coal it uses, and says it wants to reduce that dependence by diversifying supplies and investing in infrastructure.

Ankara wants to make better use of existing pipelines, including routes that could carry more oil and gas from Kazakhstan, Central Asia and Iraq.

The minister said these routes could also help supply Mediterranean and European markets, especially while the Strait of Hormuz is not operating fully.

Turkey aims for at least 20 gigawatts of nuclear capacity by 2050, alongside renewable energy and more efficient energy use.

Construction continues on four reactors at the Akkuyu plant, and the minister said Turkey hopes its first unit will begin generating electricity in the coming months; it is also developing projects in Sinop and Thrace.

1 source

Related

What people are saying

Alparslan BayraktarTurkey’s energy minister
Broader cooperation is extremely important to overcome all these challenges we face in our energy markets. Turkey and Russia offer very good examples of how this cooperation can benefit both countries.
via Milliyet
Turkey offers Russia a growing market. At the same time, Russia plays an important role in Turkey's energy supply security.
via Milliyet
Can you imagine today without TurkStream? We used to receive natural gas through transit countries; today we can obtain gas directly from Russia via the Black Sea.
via Milliyet
For this reason, we aim to reach at least 20 gigawatts of nuclear electricity generation capacity by 2050.
via Milliyet