ENERGY TRANSITION IN TURKEY

Transcription

1 ENERGY TRANSITION IN TURKEY Alparslan BAYRAKTAR Chairman of WEC Turkey Deputy Minister of Energy and Natural Resources Tokyo, 15 November 2018

2 OUTLINE 1 Energy Transition Current Outlook 2 3 Business Opportunities

3 TURKISH ENERGY MARKET TRANSITION RES Law (5346) YEKDEM (2011) Privatizations DisCo ( ) P.Plants ( ) YEKA NEMP TRANSITION 2.0 Establishment of EMRA Electricity Market Law (4628) Natural Gas Market Law (4646) Energy Efficiency Law (5627) Geothermal Law (5686) Nuclear Law (5654) Electricity Market Law (6446) INSTALLED CAPACITY MW MW PRIVATE SECTOR SHARE % 77% RENEWABLES MW MW

4 TURKISH ENERGY MARKET TRANSITION 2.0 Security of Supply Market reforms Upstream activities Energy efficiency Localization Predictability in the Market Utilization of renewables Nuclear energy projects Infrastructure developments International projects Clean coal technologies Restructuring the state enterprises

5 ENERGY OUTLOOK PRIMARY ENERGY Primary Energy Demand (mtoe) Primary energy demand; Ø has doubled since 2002 Ø has increased 4.2% annually Coal Petroleum Nat. Gas Hydro Renewables Others

6 ENERGY OUTLOOK ELECTRICITY 5.7% annual growth in last 16 years MW Installed Capacity Growth Power Generation By Source Installed Capacity By Source WIND 6% GEOTHERMAL 2% HYDRO 20% SOLAR 1% OTHERS 1% TWh NATURAL GAS 37% consumption will reach 458 TWh by WIND 8% GEOTHERMAL 1% OTHERS SOLAR 7% 4% NATURAL GAS 26% HYDRO 32% ,200 MW COAL 22% COAL 33%

7 ENERGY OUTLOOK NATURAL GAS Russia ~53% PL vs LNG 82% / 18% bcm Max. Cons. 243 mcm/d Under base scenario consumption will reach consumption will reach 458 TWh by 2027 Inj. Cap. 307 mcm/d 61 bcm by 2020 Import 99% Storage 3.4 bcm 5th largest gas market in Europe

8 ENERGY OUTLOOK INTERNATIONAL PROJECTS

9 ENERGY OUTLOOK UPSTREAM Fatih Deep Sea Drilling Vessel has launched operation in Mediterranean Second deep sea drilling vessel was purchased and will be operational by the end of D and 3D seismic surveys will continue in the Black Sea & Mediterranean Onshore exploration activities and research on shale oil/gas will continue

10 BUSINESS OPPORTUNITIES ELECTRICITY SECTOR 50% more energy use in the next 10 years 6th largest power market In Europe

11 BUSINESS OPPORTUNITIES ELECTRICITY SECTOR ONGOING

12 BUSINESS OPPORTUNITIES ELECTRICITY SECTOR TARGET Additional 12 GW installed local coal & lignite capacity

13 BUSINESS OPPORTUNITIES ELECTRICITY SECTOR AKKUYU NPP Agreement with Russian Federation: May units of each 1,200 MW Generation Licence: June 2017 Construction License for the 1st unit: April 2018 SİNOP NPP Agreement with Japan: May units of each 1,120 MW EIA Application: December 2017 Feasibility report was delivered and currently under evaluation WEC_Turkey Dünya EnerjiKonseyi Türkiye dek_turkiye

14 BUSINESS OPPORTUNITIES NATURAL GAS SECTOR LNG Annual regasification capacity: 22.4 bcm Annual LNG import: 10.7 bcm Spare import capacity: 11.7 bcm STORAGE Silivri to reach: Tuz Gölü to reach: Private sector to add: Total by 2023: 4.6 bcm 5.4 bcm 1 bcm 11 bcm SUPPLY GAP 15.6 bcm potential supply gap by 2021

15 Thank