A meeting was held for the presentation of the “World Energy Outlook 2014” Turkey Report prepared by Sabancı University Center for Energy and Climate (IICEC) and TÜSİAD. The report was presented by International Energy Agency Chief Economist Dr. Fatih Birol.
TÜSİAD President Haluk Dinçer and Minister of Energy and Natural Resources Taner Yıldız made introductory remarks.
Haluk Dinçer discussed critical developments in the near region that had an impact on energy markets. Dinçer said, “The sustained tension between Russia and Ukraine, and the severe political fluctuations in the Middle East are causes for deep concern. In 2014, the weak recuperation signals in the global economy were overshadowed by a number of geopolitical risks. It is no small probability that global risks on a level we had never experienced before will continue to increase. As we prepare for 2015, we need to have clear foresight into how geopolitical risks will be managed. Meanwhile, there is also the issue of managing the systematically declining growth rates in both developed and emerging countries. It is in this environment that the volatility in all markets with the energy market in particular makes 2014 and 2015 a critical period of time.”
Minister of Energy and Natural Resources Taner Yıldız said, “Turkey will neither forgo its efforts towards becoming an EU member state, nor a very important neighbor like Russia.” Minister Yıldız also noted that the energy industry would grow together with the private sector, and that they would consider the demands, concerns and issues of the private sector for this purpose.”
The “World Energy Outlook 2014” Turkey Report was then presented by International Energy Agency Chief Economist Dr. Fatih Birol.
Dr. Fatih Birol provided in-depth projections and World Energy Outlook findings on recent developments in producer regions, the resources to provide energy to main consumption centers, the potential for energy efficiency, and important events on the agenda such as the Climate Summit to be held in Paris in 2015 that influence global energy markets.