IENE releases Background Paper for the 1st Greek-Turkish Energy Forum

On the occasion of the 1st Greek-Turkish Energy Forum which is being held in Istanbul at the Swissotel the Bosphorpus on April 25, (here) the Institute has just released a useful Background Paper Entitled, “Greece-Türkiye in the New Energy Era”, this paper covers all the main aspects in the overall energy relationship of the two countries.

In less than 18 pages this latest IENE note presents and compares the energy mix of the two countries, presents the essentials involved in electricity infrastructure and trade, as well as in gas infrastructure and trading. Furthermore, the paper covers the oil trade between the two countries and then goes on to present detailed information on the almost parallel development of the two countries’ dynamic renewables sector. A discussion is also included on the role and functioning of the two major energy exchanges in each country, EPİAŞ in Turkey and ENEX in Greece.

As the Background Paper remarks, “at first glance Greece and Türkiye may appear antagonistic in terms of energy infrastructure and market development. However, there exist certain areas of mutual interest where both countries can benefit from closer cooperation. One can think of certain niche areas where the two countries could develop collaborative projects. Such niche spots include cyber security for electricity and gas transmission, electricity and gas trading through the existing platforms of EPIAs and ENEX and joint the development of some mega RES projects.”

The Paper concludes by saying that, “overall, there appear to be good prospects and opportunities for further cooperation between Greece and Türkiye in the broad energy sector. In this Background Paper we only touched upon the surface of the energy landscape and a lot more work needs to be done towards this promising direction.”