Universität zu Köln

Schulte, Simon and Weiser, Florian (2019). Natural Gas Transits and Market Power: The Case of Turkey. Energy J., 40 (2). S. 77 - 101. CLEVELAND: INT ASSOC ENERGY ECONOMICS. ISSN 1944-9089

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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.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Schulte, Simon UNSPECIFIED UNSPECIFIED UNSPECIFIED Weiser, Florian UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-155833
DOI:	10.5547/01956574.40.2.ssch
Journal or Publication Title:	Energy J.
Volume:	40
Number:	2
Page Range:	S. 77 - 101
Date:	2019
Publisher:	INT ASSOC ENERGY ECONOMICS
Place of Publication:	CLEVELAND
ISSN:	1944-9089
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language COMPLEMENTARITY MODEL; OLIGOPOLY Multiple languages Economics; Energy & Fuels; Environmental Studies Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/15583