Turkey's silent sanctions against Russia

[KediKesenFare3]

"Turkey is preparing to cut imports of LPG from Russia by a significant 25% next year."

When it comes to fights with Russia, Turkey has replaced Ukraine as the latest country keeping Russia in the headlines. Last month’s downing of a Russian Sukhoi SU-24 fighter jet enroute to Syria has driven a wedge between the two. Russia sanctioned Turkey. And on Wednesday, Reuters reported from Moscow that Turkey will cut back on its imports of Russian liquefied petroleum, or LPG.

“Turkish firms are not simply worried about a reduction in LPG deliveries from Russia because of the current political situation, they are already preparing for this,” one LPG trader told Reuters. “It may be more expensive, but the process of how to ensure future deliveries from elsewhere is being worked out. We are not just talking about deliveries from Algeria, but from the United States as well.”
Turkey Goes After Russian Gas, Wants To Replace It With U.S. LPG

The consequences of this reorientation are serious for Russia:

Russia's LPG exports to Turkey are now expected to drop by more than a quarter in 2016, major traders who sell LPG in the Black Sea and the Mediterranean told Reuters.

"I think Russia's exports to Turkey will fall to 0.8 million tonnes from 1.1 million in 2015," said one source with a major international trading company, who declined to be named.

About 21 percent of Russia's global LPG exports of 5.2 million tonnes went to Turkey. Exports topped $700 million in 2014 and $1 billion in 2013, according to Reuters calculations based on customs data.

"It's going to be difficult for Russia to stop LPG shipments to Turkey," the source said." Diverting those cargoes to other markets requires additional infrastructure and quite some time. Russia, which is at odds with the West, doesn't want to give up cooperation with Turkey, which buys a lot of Russian energy."
Exclusive: Turkey gets ready for much less Russian LPG transport gas| Reuters


That's just the beginning. Turkey is Russia's second most important export market after Germany. In the long term Turks will find new gas suppliers. Russia is losing billions of export revenues. Qatar, Algeria, Azerbaijan and even Iran want to increase their gas exports to Turkey. Russia is an aggressive and dictatorial country. It says a lot that many of the neighboring states of Putinistan are supporting the Turkish position (Estonia, Latvia, Lithuania, Ukraine, Georgia, Azerbaijan etc.). That tactic backfired badly, Mr. Putin.

 

[sankar]

Keeping eye on Russia's loss in these sanctions seems like ostrich hide its head in sand.

Turkey should also think of its higher overhead expenses by importing from other coutries includes US. Here Russia is the victim of the Turkey's act and it still working carefully. But Turkey seems otherwise. Turkey needs to look longterm workable basis of its economy. Becuase this act of Turkey to source LPG from other countries going to cost double of what it bought from Russia.

Can Turkey afford it ? and how long ??

 

[CAPRICORN-88]

LOL. Turkey silent sanction onTurkey???

The lost of >4.5 million Russian tourists to Turkey annually will have a significant impact on Turkey's economy alone not to mention the incomplete nuclear plant and agricultural export to Russia.

 

[KediKesenFare3]

Turkey drives renewable energy growth in MENAT | utilities-me.com

Turkey is fast emerging as the MENAT region's largest producer of renewable energy as home to three quarters of the 14.6 GW new renewable power generation capacity installed in the Middle East, North Africa and Turkey (MENAT) region between 2010 and 2014.
Excepting recent headwinds, the Turkish economy has rapidly expanded since 2010 - and with it the demand for power. Energy consumption in Turkey has increased at an average of 5.7% per year in stark contrast to Europe's overall decline.
At the same time Turkey is looking to limit its dependence on fossil fuel and energy imports for reasons both political (trade relations) and economic (fluctuating oil and gas prices). The inherently 'green' nature of renewable energy also boosts Turkey's ability to meet European environmental standards and thus potentially achieve EU membership.
"The demand for energy combined with governmental support makes conditions increasingly favourable for renewable energy producers in Turkey at the moment, as well as for the material, component and equipment manufacturers that supply them," says Josefin Berg, senior analyst at IHS Technology's Power and Energy division.

We are working on this issue.

 

[CAPRICORN-88]

Where would all these Russian tourists heading to next?

Let me guess?

Perhaps Greece

 

[sankar]

Turkey drives renewable energy growth in MENAT | utilities-me.com

Turkey is fast emerging as the MENAT region's largest producer of renewable energy as home to three quarters of the 14.6 GW new renewable power generation capacity installed in the Middle East, North Africa and Turkey (MENAT) region between 2010 and 2014.
Excepting recent headwinds, the Turkish economy has rapidly expanded since 2010 - and with it the demand for power. Energy consumption in Turkey has increased at an average of 5.7% per year in stark contrast to Europe's overall decline.
At the same time Turkey is looking to limit its dependence on fossil fuel and energy imports for reasons both political (trade relations) and economic (fluctuating oil and gas prices). The inherently 'green' nature of renewable energy also boosts Turkey's ability to meet European environmental standards and thus potentially achieve EU membership.
"The demand for energy combined with governmental support makes conditions increasingly favourable for renewable energy producers in Turkey at the moment, as well as for the material, component and equipment manufacturers that supply them," says Josefin Berg, senior analyst at IHS Technology's Power and Energy division.

We are working on this issue.

your point taken. Still LPG is required for daytoday life of normal middle class people

 

[Azeri440]

.,

Where would all these Russian tourists heading to next?

Let me guess?

Perhaps Greece

LOL , actually Greece is also sanctioned by Russia as it is part of EU

 

[KediKesenFare3]

Where would all these Russian tourists heading to next?

Let me guess?

Perhaps Greece

Since 2010 the number of Russian tourists falls continuously in Turkey.

The reasons behind this development are, mainly, economic crises and Western sanctions.
Anyway, Greek hotels are simply too expensive for Russian tourists.

 

[Azeri440]

LOL. Turkey silent sanction onTurkey???

The lost of >4.5 million Russian tourists to Turkey annually will have a significant impact on Turkey's economy alone not to mention the incomplete nuclear plant and agricultural export to Russia.

Turkey gets more than 40mil tourists a year , tourism industry accounts for less than 10% of GDP now do the math of how much impact Russian tourists will have

Russian tourists don't even spend much during their vacations since they don't really have a lot of money to begin with

and since EU is sanctioned by Russia , Russian tourists also can't go to Egypt anymore due to the terror attack
so please enlighten me and tell me where the Russians will travel

the construction of nuclear plant hasn't started , so Turkey will/is looking for an alternative , and there are many alternatives

agricultural exports have already been diverted to Central Asian markets as Azerbaijan heavily reduced fees for Turkish side.

anything else?

 

[CAPRICORN-88]

Listen, statistics number released shown that 4.5 million Russian tourists visited Turkey in 2014 alone.

Their departure will cost 0.5% of Turkey GDP this year.

Turkish lira has already lost nearly 20% of its value against the dollar this year and this will further aggravate or weaken the lira.

Russia has not yet released a detailed list of embargoed Turkish imports which will most likely affects Turkish farmers e.g. fruits and vegetables.

Turkey gets more than 40mil tourists a year , tourism industry accounts for less than 10% of GDP now do the math of how much impact Russian tourists will have

Russian tourists don't even spend much during their vacations since they don't really have a lot of money to begin with

and since EU is sanctioned by Russia , Russian tourists also can't go to Egypt anymore due to the terror attack
so please enlighten me and tell me where the Russians will travel

the construction of nuclear plant hasn't started , so Turkey will/is looking for an alternative , and there are many alternatives

agricultural exports have already been diverted to Central Asian markets as Azerbaijan heavily reduced fees for Turkish side.

anything else?

Let hope you are right otherwise the Turkish population will suffers for the folly of their Turkish Government politics.

 

[KediKesenFare3]

Wind Power in Turkey, installed MW

2015: over 4000 MW

Geothermal Power: Turkey total installed geothermal power generation capacity now 575 MWe | Think GeoEnergy - Geothermal Energy News

Hanwha Q Cells’ solar power plant in Burdur, Turkey (Hanwha Q Cells)
Hanwha Q Cells begins operating Turkey’s largest solar plant


The renewable energy industry is booming in Turkey. This is a truly laudable development.

 

[CAPRICORN-88]

Wind Power in Turkey, installed MW

2015: over 4000 MW

Geothermal Power: Turkey total installed geothermal power generation capacity now 575 MWe | Think GeoEnergy - Geothermal Energy News

Hanwha Q Cells’ solar power plant in Burdur, Turkey (Hanwha Q Cells)
Hanwha Q Cells begins operating Turkey’s largest solar plant


The renewable energy industry is booming in Turkey. This is a truly laudable development.

Yes. We should all applaud countries that involved themselves with green energy.

But these form of energy generation is still insignificant compared to the overall generation capacity of the Turkey.

 

[Azeri440]

Listen, statistics number released shown that 4.5 million Russian tourists visited Turkey in 2014 alone.

Their departure will cost 0.5% of Turkey GDP this year.

Turkish lira has already lost nearly 20% of its value against the dollar this year and this will further aggravate or weaken the lira.

Russia has not yet released a detailed list of embargoed Turkish imports which will most likely affects Turkish farmers e.g. fruits and vegetables.



Let hope you are right otherwise the Turkish population will suffers for the folly of their Turkish Government politics.

those statistics are based on all 4.5 mil suddenly abandoning their trips to Turkey , the only way that would even happen is if the air connection between 2 countries is cut off.

do you understand why Russian tourists like to travel to Turkey? because it's cheap , average wage in Russia per month is less than $500.

the effect on GDP is not calculated like that , you would have to find how much tourists from each country spend to determine the right number, like I already mentioned Russian tourists don't spend much compared to others.

Yes , Turkish Lira has dropped by a big margin , just like pretty much every other currency out there against the dollar in 2015.

I already said Turkish agricultural products have been diverted to Central Asian markets, Azerbaijan reduced the costs for Turkish side.
Agricultural products have a market throughout the globe, and Turkey is located in a favorable position to find alternative market in 3 continents.

even if lets say Turkish population "suffers", Russian will suffer more

Russia is already sanctioned by nearly a whole continent.

 

[KediKesenFare3]

List of countries by electricity production from renewable sources - Wikipedia, the free encyclopedia

Nearly 30 percent of the energy produced in Turkey is renewable. That isn't insignificant.

 

[CAPRICORN-88]

those statistics are based on all 4.5 mil suddenly abandoning their trips to Turkey , the only way that would even happen is if the air connection between 2 countries is cut off.

do you understand why Russian tourists like to travel to Turkey? because it's cheap , average wage in Russia per month is less than $500.

the effect on GDP is not calculated like that , you would have to find how much tourists from each country spend to determine the right number, like I already mentioned Russian tourists don't spend much compared to others.

Yes , Turkish Lira has dropped by a big margin , just like pretty much every other currency out there against the dollar in 2015.

I already said Turkish agricultural products have been diverted to Central Asian markets, Azerbaijan reduced the costs for Turkish side.
Agricultural products have a market throughout the globe, and Turkey is located in a favorable position to find alternative market in 3 continents.

even if lets say Turkish population "suffers", Russian will suffer more

Russia is already sanctioned by nearly a whole continent.

Those number I posted are figures as projected by economists.

For Turkey's sake let hope they are wrong.

List of countries by electricity production from renewable sources - Wikipedia, the free encyclopedia

Nearly 30 percent of the energy produced in Turkey is renewable. That isn't insignificant.

That is because overall electricity generation by Turkey itself is small and insignificant.