Project Description

An interdisciplinary research project by the Institute of Energy Economics and the Jean Monnet Chair for European Politics at the University of Cologne in cooperation with the Middle East Technical University in Ankara.

Guaranteeing energy security is one of the most important challenges for today's societies. Turkey is becoming more and more important for the delivery of gas and oil to Europe. Especially since the crises in Ukraine, Europe's interest in an additional supply through Turkey is growing steadily. According to the plans of the Turkish government, the country would become the most important energy hub of the region.

The geographical position of the country is a big advantage: More then 70% percent of the worldwide oil and gas reserves are located in close proximity to Turkey. Therefore the country may hold a key position in the distribution of oil and gas. Hence the most important question arising is that: Will it be capable of becoming an energy hub and will it be able to actively influence energy markets? In order to answer this question some others must be considered: How do Turkey and the EU evaluate a strategical energy partnership? Which economic consequences would an intensification of energy transits to Europe through Turkey have on the patterns of the global commodity market? Having low natural resource endowment, Turkey is itself 98 % dependent on imports. How would this affect its energy hub strategies?

This interdisciplinary research project examines the geopolitical factors as well as prevailing perceptions of Turkey as an actor in energy politics within a global network of interests. On the basis of global gas and oil market models, the economic consequences of Turkey's advancement into an energy hub will be studied. The advantage of this method is that the combination of economic and political analysis allows for the creation of scenarios that can deliver a reliable forecast about the long-term role of Turkey for the European energy supply.

Contact

Prof. Dr. Wolfgang Wessels
Universität zu Köln, Wirtschafts- und Sozialwissenschaftliche Fakultät, Jean Monnet Lehrstuhl (JML) // Centrum für Türkei und EU Studien (CETEUS)
Gottfried-Keller-Str. 650931 Köln
+49 221 470 1431
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Prof. Dr. Marc Oliver Bettzüge
Universität zu Köln, Energiewirtschaftliches Institut (EWI)
Vogelsanger Straße 321a
50827 Köln
+49 221 277 29 108
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