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Book Cover
E-book
Author Demir, Onur

Title Liberalisation of natural gas markets : potential and challenges of integrating Turkey into the EU market / Onur Demir
Published Singapore : Palgrave Macmillan, 2020

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Description 1 online resource (292 pages)
Series Political economy of the Middle East
Political economy of the Middle East.
Contents Intro -- Acknowledgements -- Contents -- Abbreviations -- List of Figures -- List of Maps -- List of Tables -- Part I: Setting the Scene -- Chapter 1: Introduction: Natural Gas Reforms and Motivations -- 1.1 Introduction -- 1.2 Natural Gas Reforms and Motivations -- 1.3 Objectives and Scope -- 1.4 Approach and Data Sources -- 1.5 Organisation of the Book -- References -- Legal Resources -- Chapter 2: Liberalisation and Competition: Theoretical Backgrounds and Institutional Analysis -- 2.1 Introduction -- 2.2 Theoretical Backgrounds and Institutional Analysis -- 2.2.1 Public Choice Theory
2.2.2 Theory of Natural Monopoly -- 2.2.3 Economic Theory of Regulation -- 2.2.4 An Analysis: Regulation or Deregulation? -- 2.2.5 Privatisation and Subsidies -- 2.3 Price Regulations -- 2.3.1 Cost-Plus Regulation -- 2.3.2 Incentive Regulation -- 2.3.2.1 Price-Cap Regulation -- 2.3.2.2 Rate of Return Regulation -- 2.4 Institutional Transformations: Competition in and for Market? -- 2.4.1 Competition for Market: Franchise Biddings -- 2.4.1.1 Vertical Separation (Unbundling) as a Solution? -- 2.4.2 Competition in the Market -- 2.4.2.1 Yardstick Competition -- 2.4.2.2 Contestable Markets
2.5 Pricing Structures in Liberalised Energy Markets -- 2.5.1 Oil-Linked Prices Versus Market-Based Prices -- 2.5.2 European Gas Hubs and Hub-Based Pricing -- References -- Chapter 3: Natural Gas Market Liberalisation in the Context of the EU -- 3.1 Introduction -- 3.2 Natural Gas Liberalisation in the Context of the European Union -- 3.2.1 Regulatory Regimes: The EU Natural Gas Directives and Mandatory Instruments -- 3.2.1.1 National Energy Regulatory Authority -- 3.2.1.2 Unbundling -- 3.2.1.3 Market Opening -- 3.2.1.4 Third-Party Access
Capacity Allocation Mechanisms and Congestion Management Procedure -- Gas Balancing Arrangements -- Transmission Tariff Structures -- 3.3 Conclusion -- References -- Part II: The Evolution of Turkish Natural Gas Market -- Chapter 4: An Overview of the Turkish Natural Gas Market -- 4.1 Introduction -- 4.2 Country Overview in Economic and Political Terms -- 4.3 The Evolution of Turkish Energy Markets -- 4.4 Emergence of Natural Gas: A Background to Turkey's Natural Gas Industry -- 4.4.1 Reserves and Production -- 4.4.2 Shale Gas Developments -- 4.4.3 Consumption -- 4.4.4 Imports
4.4.4.1 Imports by Long-Term Contracts -- 4.4.4.2 Imports of LNG and Spot LNG -- 4.4.4.3 Gas Release Programme -- 4.4.5 Distribution -- 4.4.6 Exports -- 4.4.7 Storage -- 4.4.7.1 Underground Natural Gas Storages (UGS) -- 4.4.7.2 LNG Terminals -- 4.4.8 Transmission -- 4.5 Conclusion -- References -- Legal Resources -- Chapter 5: Turkey's Natural Gas Market Liberalisation in the Context of the EU -- 5.1 Introduction -- 5.2 The Turkish Natural Gas Market Structure: Before and After the Natural Gas Market Law of 2001 -- 5.2.1 Pricing Regulations and Subsidies
Summary This book investigates the overall natural gas reform performance of Turkey, addressing both shortfalls and setbacks that have prevented Turkey from the fulfillment of the regulatory implementation since 2001, and how the prospectively liberalised natural gas market can effectively operate at all levels. Although eighteen years have passed since the introduction of the first legislation as a basis for a more liberalised Turkish natural gas market, the completion of the reform process still suffers from a lack of enforcement. The book offers recommendations to address this, the main one being that policy makers should give due consideration to the consolidation of EMRA's independent role with appropriate safeguards laid out to prevent attempts of regulatory misuse. The book concludes by suggesting that there is a compelling need to move forward with a consolidated reform sooner rather than later if Turkey genuinely wishes to take a leadership position in the race to become an efficient gas hub and be part of Europe's single energy market. Onur Demir is an international entrepreneur who has served as director of private firms that provided services for three countries. With nine years of research and management consulting experience, Dr. Demir provides energy firms, utilities, technology developers and governments with leading analyses, insights and policy recommendations. She received her MSc degree in Istanbul and her PhD from Anglia Ruskin University in Cambridge, UK, where she was a lecturer in International Business Strategy. She has presented in industry conferences and has authored various publications in BloombergHT, Turkey.-- Provided by publisher
Notes 5.3 The Liberalisation Process: Compliance of the 2001 Law with the EU Energy Directives
Print version record
Subject Gas industry -- Turkey
Gas industry -- European Union countries
Gas industry
European Union countries
Turkey
Form Electronic book
ISBN 9789811520273
9811520275