Turkey is a natural bridge betweenAsia and Europe and from that point of view diversifies regional and EU energysupply from the sources in the Caspian basin and the Middle East.
Turkey’senergy security in periods of increased demand can be restructured by provided efficient and competitive energy marketsystem. In addition gas consumption increased 2.6% on average per year in the lasteight years and this trend is expected tocontinue in the next decade. Hence, supply deficit is growing, new solutionsand structure changes will definitely be needed to meet expectations. This creates many opportunities for nationaland international investors who would like to be part of this growing market. Closeto most of the world’s natural gas reserves and is located at the intersectionof transit roads EU Turkey wants to become a regional center for natural gas and energy. In this study, emphasized the general outlook of the naturalgas market and energy overview of the world.
Afterwards, natural gas markets are examined, their structure and first discovery of natural gas in the history,new implementation in the gas supply sector. Natural gas prices and tariffs are obtained in household consumers andindustrial consumers for European region countries. A comparison andcorrelation between LNG, Brent, Natural gas Wholesale prices and BOTAS monthly prices are shownin the table.
Under moderate demand growth,shown in the regression model it is retrieved by using monthly historicaldemand data last five years, it is certainthat demand will grow in the future years, however with government implicationsregarding minimizing of gas share in theenergy supply suppressed the gas utility in the power plants. On the other hand, a in a qualitative approach carriedout to supply and demand model, showedthe certain deficit in the energy balance from that point of view, bothweakness and suggestions are multiple, focusing on renewable energy, extensionof import contracts, more investments to research and production and lastly,termination the monopoly of BOTAS while improve the structure an redesign themarket conditions with coordination of energy policy between the EU and Turkey.