Newsletters
International Energy Agency (IEA) Executive Director Fatih Birol said Türkiye has significantly strengthened its energy strategy by diversifying both its energy sources and import partners, amid rising geopolitical pressures on the global energy sector.
Speaking to Anadolu Agency on the sidelines of the World Economic Forum (WEF) in Davos, Birol said Türkiye has followed “two very good paths” in recent years to enhance its energy security.
Birol said Türkiye has expanded the range of energy sources it produces and consumes, including oil, natural gas, solar, wind and hydropower, with nuclear energy expected to be added soon.
“This is an important diversification,” he said, adding that increasing domestic production beyond renewable energy would further strengthen the country’s position.
Birol also noted that Türkiye has reduced its dependence on a limited number of supplier countries. “In the past, there was a concentration on imports from a single country. Now Türkiye has diversified and imports energy from many countries, which is very positive,” he said.
Birol said global geopolitics is influencing the energy sector more than ever, as traditional alliances weaken and new ones form.
“Geopolitics is having an unprecedented impact on energy,” he said, noting that this will continue to shape decisions by governments, particularly in areas such as liquefied natural gas, nuclear power and electricity.
He added that geopolitical developments have taken precedence at Davos, while discussions on climate change and clean energy have become less prominent due to governments’ immediate concerns over defense and security.
Birol said oil prices are likely to remain at reasonable levels as long as there is no major geopolitical shock.
He expressed a similar view for natural gas prices, citing a global supply surplus.
“Even if problems arise in certain countries, existing supply can compensate,” he said, adding that stable prices would be good news for Türkiye and other energy-importing countries in the year ahead.
Set as preferred source
Set as preferred source
2 min read
1 min read
