TANAP - A Long Awaited Gas Pipeline Project & Turkey As A Prospective Influentual Actor

Turkey's Fast Growing Economy And Rising Energy Demand

Turkey is classified as either a developed country or an emerging market economy  according to different sources. Turkey stands out as one of the fastest growing  economies in the world. Thus, Turkey's energy demand has been increasing at the  same rapid pace as its economy. In terms of increase in demand for natural gas  and electricity, Turkey is second only to China.

Turkey is an oil and natural gas producer, but its level of output is not  substantial enough to make the country self-sufficient. For the time being,  around 26 % of total energy demand is met by domestic resources, while the rest  is imported. In fact, Turkey depends on imported gas to generate electricity.  Turkey imports 98 % of its natural gas from Russia, Azerbaijan, Algeria, Iran  and Nigeria.