DOE Fact Sheet: U.S-Turkey Cooperation in Global Energy Security

November 11, 2008 // Published as a news service by IHS

• According to the U.S. Department of Energy (DOE), the U.S. is committed to assisting Turkey with its energy security, as Turkey is a key component of a larger regional strategy for increased energy production and diversification of oil and gas transit routes.

• The U.S. is collaborating with Turkish partners on the energy projects they identify as a priority - for the development, financing and insurance of energy projects such as pipelines, power plants and electricity distribution systems.

• In collaboration with Turkish counterparts, the U.S. can work to deploy renewable energy and clean coal technologies, increase the reliability and efficiency of electricity generation and delivery, and decrease Turkey's energy intensity.

• The U.S. is committed to the free flow of Caspian energy resources, particularly to western markets. DOE recognizes that Turkey can play a key role as a transit corridor between Eurasia and Europe.

• The U.S. is ready to provide support for Turkey's energy sector, including facilitating investment in generation, transmission, renewable energy, nuclear energy and energy efficiency.

• Turkey is in the unique position to enhance its role as an energy gateway to Europe. Efficiency gains and a diversified fuel mix for electricity generation allow Turkey to maximize the gains due to its middle position between demand in Europe and supply in the Caspian and central Asia.

• Turkey is an integral part of the DOE southern corridor strategy. However, terms and conditions for transit must meet the needs of all participants. This is best achieved by establishing standards for the entire corridor that will facilitate energy trade and transit, said DOE.

• The U.S. wants to establish more efficient and productive financing mechanisms to support Turkish energy projects.

Source: U.S Department of Energy (DOE).