Nowadays, energy related things went great. Natural gas prices were declining. Balancing and Stabilization System was working too good to be true. Increasing price of electricity is encouraging new investments. Everybody were waiting  the opening of the Turkish Parliament with a great appetite.  In early October, everything became up site down with the Renewable Energy Conference, where the Minister of Energy has declared the reluctance of the Ministry, forwarding the revised draft of Incentives Law to the Parliament.

 Something were wrong in the Energy Policy:

•    New Expansion to the settlement of armenian conflict was causing the price increase of natural gas imported from Azerbaijan,
•    Russia was speeding up the “South Stream” as a counter part of Nabucco, leading by Botaş,
•    Contract related oil and gas investigation and exploration in South Pars Region in Iran, was causing to another conflict with USA.

Despite these cloudy appearance, there were some good development in our energy world.

According to Dr. Birol briefing which was presented in Sabancı Center on 10th of december, gasification of shale rock in USA and success reached in the production cost was encouraging. Such law price stopped the construction of LNG gasification facilities in the States. These news have caused the declining of gas prices world wide. In the States, gas prices came down from 6-7 $ per million BTU to 4.7 $. In Europe, gas price has tendency to decline to 180$ per 1000m3 from 210$.

We were expecting Botaş to learn lessons from these developments, in gas business and to take the following measures:

•    To review all gas purchasing contracts,
•    To deliver the cheap gas to electricity producers. Thus, to be released from “take – or – pay” obligation.

If these measures are operated successfully, the following scenario will not be surprise.

Energy Authorities (Decision Makers), as if, are addressing to Electricity Producers:

“We are very much confused to fail in enacting renewable tariffs from the Parliament. Instead, let us give you the cheap gas in an abundant quantity. Generate as much electricity you could do. If short coming of electricity restarts, come to us, jointly, we can ignite the enacting operation of the new incentives for renewable energy.”