Turkey hopes shale gas will plug its energy deficit
Promising shale deposits could help lessen the country's dependence on gas imports
The Republic of Turkey, formed from the remains of the Ottoman Empire, will be 100 years old in 2023, and the government wants to celebrate the centenary by putting the country's economy among the world's 10 largest. Years of strong growth have already brought it to 17th. Keeping a steady flow of affordable energy will be a priority. Already heavily reliant on imported oil and gas, Turkish consumption is expected to double over the next 10 years. Unless the government can spur domestic production the import bill will be a drag on growth. Shale deposits scattered around the country, already luring some investors, will be part of the strategy. Taner Yildiz, Turkey's energy minister, said recen
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
