The Change in Energy Policy in Turkey

Posted on August 28th, 2013 by
   

 “All Energy Turkey” specialist trade fair and congress, 11 and 12 September 2013, Istanbul 

Programme: http://bit.ly/AET2013     LinkedIN  http://bit.ly/AllEnergyTR

  •  Turkey as an important trade partner and market place for the energy sector 
  • The liberalization of the Turkish energy market represents an opportunity for international companies 
  • Support provided by Turkish government ministries and economic associations

 

Düsseldorf/Istanbul, August 2013 – Turkey has recorded the second highest growth in demand for natural gas and electricity after China. “Our energy requirements will also double in the next decade. We currently still import 72 per cent of our energy but in the future we will need less than a third of our current natural gas imports,” explained Prime Minister Recep Tayyip Erdogan to the Deutsche Welle (DW.de, 19.5.2013). The reliance on imported raw materials should be reduced by the establishment of the energy stock exchange EPIAS, which will start operating at the end of September this year. The energy stock exchange will ensure transparent and reliable electricity pricing and thus increase the investment opportunities for German and European companies. A study by the think tank SETA (Foundation for Political, Economic and Social Research) forecasts that EPIAS will become the third largest energy stock exchange in the world. “The establishment of the stock exchange is an important step on the path to becoming a regional player and hub for energy trading,” summarised the analysts from SETA. 

The “All Energy Turkey” (AET) congress trade fair, which will be held on 11 and 12 September 2013 in Istanbul, concentrates on the themes of energy trading, sales, distribution and marketing. The AET offers decision-makers from the energy sector and politics a forum for exchanging information about operational themes such as the legal framework in the energy sector, risk and portfolio management, market regulation, prices and the design of the market for the wholesale trade in energy. The complete programme can be viewed on the Internet at:http://bit.ly/AET2013

 

Turkey as a hub for energy trading 

“Turkey is becoming an increasingly important energy partner both as a transit country and a market place,” 

emphasised Günther Oettinger, EU Energy Commissioner, in an interview with the newspaper “Die Welt” (welt.de, 29.06.2013). By establishing the energy stock exchange (EPIAS), Turkey aims to expand its role as a hub between the European sales markets and the energy rich countries in the Middle East and the Caspian Basin. The newly established energy exchange will require management and IT solutions, for example, in the areas of energy portfolio optimization  data procurement and evaluation or the forecasting and modelling of processes. Due to the aim of increasing the share of renewable energy to 30 per cent within ten years, the interest in modern energy technology and innovative sales platforms will also rise.

 Politics and industry support AET 

The Turkish Ministry of Energy and Natural Resources is supporting the trade fair and thus underlines the great significance of this event as a platform for promoting the sustainable development of energy trading. Undersecretary Metin Kilci is a high ranking representative of the Turkish Ministry of Energy and Natural Resources on the Advisory Board of AET. In addition, the Turkish stock exchange is also represented at All Energy Turkey. “All Energy Turkey is an extremely important event with perfect timing. The workshops and opening sessions are very useful for dealing with the subject of price mechanisms on the market, creating transparency and developing the required technological infrastructure,” explained Prof. Mustafa Kemal Yılmaz, Managing Director of the Istanbul Stock Exchange, to the event organiser Informa. Partners of “All Energy Turkey” include the Turkish Industry and Business Association (TÜSIAD), the Turkish Energy Traders Association (ETD), the European Federation of Energy Traders (EFET) and the Turkish Petroleum Platform Association (PETFORM). The exclusive yearly “IV Istanbul Trader Meeting (ITM)” for ETD members will also be held within the framework of the AET.

More than 10 official media partners will report from the event

“All Energy Turkey” can count on the support of the following media partners: yenienerji, Argus Media, Daily Energy Report, Dailye, Energetika.NET, enerji enstitüsü, Enerji Gazetesi, Enerji IQ, enerjiportali, Enerjivetesisat.com and SeeNews. The award for “Energy Manager of the Year” will also be presented at the trade fair to an outstanding member of the energy sector.

 

Press Contact

Claudia Büttner

Head of Press and Public Relations

Informa Exhibitions, a Business Division of EUROFORUM Deutschland SE Prinzenallee 3

40549 Düsseldorf

 

Tel.: +49 (0) 211/96 86- 3380

Fax: +49 (0) 211/96 86- 4380

Mailto:claudia.buettner@euroforum.com

Related Posts:

Tags: , ,



Spam Protection by WP-SpamFree


>