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

Hakan Nalbant*, M. Ozgur Kayalica, Gülgün Kayakutlu, Gizem Kaya Aydın

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

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.

Original languageEnglish
Title of host publicationArtificial Intelligence for Knowledge Management - 8th IFIP WG 12.6 International Workshop, AI4KM 2021, Held at IJCAI 2020, Revised Selected Papers
EditorsEunika Mercier-Laurent, Mieczyslaw Lech Owoc, M. Özgür Kayalica
PublisherSpringer Science and Business Media Deutschland GmbH
Pages193-212
Number of pages20
ISBN (Print)9783030808464
DOIs
Publication statusPublished - 2021
Event8th IFIP WG 12.6 International Workshop on Artificial Intelligence for Knowledge Management, AI4KM 2021 held in conjunction with International Joint Conference on Artificial Intelligence, IJCAI 2020 - Virtual, Online
Duration: 7 Jan 20218 Jan 2021

Publication series

NameIFIP Advances in Information and Communication Technology
Volume614
ISSN (Print)1868-4238
ISSN (Electronic)1868-422X

Conference

Conference8th IFIP WG 12.6 International Workshop on Artificial Intelligence for Knowledge Management, AI4KM 2021 held in conjunction with International Joint Conference on Artificial Intelligence, IJCAI 2020
CityVirtual, Online
Period7/01/218/01/21

Bibliographical note

Publisher Copyright:
© 2021, IFIP International Federation for Information Processing.

Keywords

  • Gas demand
  • Gas transportation
  • Hub pricing
  • Natural gas market

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