Wednesday, October 09, 2019

Turkey Energy Summit and Eastern Med tussles

The Oilholic is about to complete a quick visit for a speaking engagement at the 10th Turkey Energy Summit in Altalya on the sunny shores of the Mediterranean, off the coast of which is brewing an almighty tussle for natural gas riches. 

For Eastern Mediterranean offshore prospection could potentially provide a pathway to over 70 trillion cubic feet (tcf) of natural gas. 

With great resource riches often come great geopolitical tensions. Cyprus has awarded drilling licences to its preferred partners, but Turkey which invaded the island in 1974 following a Greek-inspired coup and created a Northern Turkish Cypriot enclave in its wake, won't have any of it. 

Its response has been to send drilling ships of its own to howls from the EU and US, and of course Cyprus. But Turkey's Energy Minister Fatih Donmez told the summit in his keynote speech that Ankara won't be backing down, and more has emerged on the Turkish stance since. Here's yours truly's full report for Forbes

All the more fitting it was then that this blogger moderated two panels at the summit on 7 and 8 October, touching on geopolitics and its impact on energy and commodities market, and LNG market permutations. 

It was a pleasure and privilege to have conducted them and having partaken in some exciting and engaging industry dialogues. 

Alas, it is now time for the flight home, but before one takes your leave, here's a glimpse of Antalya's amazing coastline. That's all for the moment folks! Keep reading, keep it 'crude'!

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.

© Gaurav Sharma 2019. Photo 1: Gaurav Sharma (left), moderates the geopolitics session at the 10th Turkey Energy Summit in Antalya, Oct 7, 2019 © Turkey Energy Summit. Photo 2: Coastline of Belek, Antalya © Gaurav Sharma, October 2019. 

No comments:

Contact:

For comments or for professional queries, please email: gaurav.sharma@oilholicssynonymous.com

To follow The Oilholic on Twitter click here
To follow The Oilholic on Google+ click here
To follow The Oilholic on Forbes click here