Analysing Natural Gas Prices for Turkey in the Light of a Possible Hub - Artificial Intelligence for Knowledge Management 8th IFIP WG 12.6 International Workshop, AI4KM 2021 Access content directly
Conference Papers Year : 2021

Analysing Natural Gas Prices for Turkey in the Light of a Possible Hub

Hakan Nalbant
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M. Özgür Kayalica
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Gülgün Kayakutlu
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Abstract

Turkey has an important geopolitical position with short distances to the regions of the largest natural gas reserves. It is a country that depends on importing this energy resource from Russia, Iran and Azerbaijan through pipelines, and LNG suppliers. Being very close to high demanding countries, Turkey has yet the chance to play an important role in transferring gas from reserves to the demand sites. That is why the natural gas market in Turkey can complete the liberalization by defining an international gas hub in the global gas trade system. In this respect, the pricing of large trading volumes will be an issue for the near future. This paper aims to underline the importance of hub pricing through structuring a virtual hub in Turkey. Hence, the current outlook of the global natural gas markets and Turkey’s position in this business are presented in detail.
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hal-04041362 , version 1 (22-03-2023)

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Hakan Nalbant, M. Özgür Kayalica, Gülgün Kayakutlu, Gizem Kaya Aydın. Analysing Natural Gas Prices for Turkey in the Light of a Possible Hub. 8th IFIP International Workshop on Artificial Intelligence for Knowledge Management (AI4KM), Jan 2021, Yokohama, Japan. pp.193-212, ⟨10.1007/978-3-030-80847-1_13⟩. ⟨hal-04041362⟩
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