Search

Begin New Search
Proceed to Checkout

Search Results for All:
(Showing results 1 to 1 of 1)



Natural Gas Transits and Market Power: The Case of Turkey

Simon Schulte and Florian Weiser

Year: 2019
Volume: Volume 40
Number: Number 2
DOI: 10.5547/01956574.40.2.ssch
View Abstract

Abstract:
Turkey is a key country in order to realize the Southern Gas Corridor (SGC) due to its geographical location. However, as the main transit country within the SGC, Turkey could potentially exert market power with gas transits. Whether Turkey exerts market power or not, is crucial for an economic assessment of the SGC. Hence, the article investigates this issue quantitatively using a global partial equilibrium gas market model. An oligopolistic and a competitive supply structure in the European upstream market in 2030 are considered in the model based on calibrations to historical gas market situations. If the European gas market in 2030 is characterized by an oligopolistic supply, Turkey is able to exert market power resulting in higher prices compared to competitive transits, in particular in South Eastern Europe. In a competitive market structure, however, the importance of the SGC and thus the potential of Turkish transit market power is limited.





Begin New Search
Proceed to Checkout

 

© 2021 International Association for Energy Economics | Privacy Policy | Return Policy