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Tag: energy

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U.S-Turkey relations, in a special moment, says U.S. Assistant Secretary of State

Assistant Secretary Fernandez traveled to Ankara from May 22-24, leading a U.S. delegation to the 10th U.S.–Turkey Economic Partnership Commission (EPC) meeting. The EPC serves to advance the United States strong and growing economic partnership with Turkey on entrepreneurship, innovation, intellectual property rights, trade, and investment. Below are excerpts from the Anadolu Agency report. Ambassador Mehmet Tugrul Gucuk, Deputy Undersecretary for Economic Affairs of the Ministry of Turkish Foreign Affairs and the United States Assistant Secretary of State for Economic and Business Affairs Jose W. Fernandez held a press conference on Thursday after the tenth Turkey-U.S. Economic Partnership Commission (EPC) meeting. Amb. Gucuk said “we discussed a wide range of issues related to energy, trade, investment, infrastructure, sectoral cooperation opportunities for cooperation with third countries and have shown our commitment to increase the trade volume between Turkey and United States.” “We decided to meet twice in a year and this autumn, we decided to meet again” Gucuk added. 

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The stakes of U.S. prosperity, LNG trade

By: Neil Brown and Marik String / Politico It is a rare opportunity that isolates Iran, undermines Russian energy dominance and broadly benefits the U.S. economy. But those are the stakes for Americannei prosperity as the Obama administration contemplates whether to allow the trade of natural gas with our closest allies. Whereas oil is freely traded on global markets, natural gas has traditionally been a regional commodity locked in pipelines, creating wide price disparities among global markets and making diplomatic relations with (and proximity to) suppliers fundamental. In Europe, for example, certain allies of Russia pay as little as half as much as other neighbors, which actually lie closer. Still a relatively small part of global trade, liquefied natural gas , on the other hand, affords gas-importing nations access to diverse and flexible global supplies. 

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Erdogan back at the White House

By: Bulent Aliriza / CSIS On May 16 Turkish Prime Minister Recep Tayyip Erdogan meets President Barack Obama on his first visit to the White House since December 2009. Obama has reserved much of his schedule for the day to his visitor, who has won three successive elections, recently celebrated a decade as prime minister and is brimming with self-confidence. The Turkish leader will receive a very warm welcome from his host that will serve to confirm Erdogan’s view of his country’s enhanced stature in the international community. At the same time, the encounter will provide an opportunity for the two leaders to once again display their much-publicized mutual affinity. However, there are divergences, particularly on the Syrian crisis, that they will attempt to resolve or minimize behind the scenes. To read the complete text, click here.

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U.S.–Turkey Smart Grid Workshop: Partnering to Power the Future

The U.S. Trade and Development Agency (USTDA) sponsored a two-day workshop February 12-13, 2013 in Istanbul, Turkey to foster U.S. – Turkey partnerships for state-of-the-art electricity transmission and distribution projects throughout Turkey. The event highlighted smart grid projects and initiatives, U.S. smart grid technologies, and the regulatory frameworks, standards, and financing mechanisms available to support them. Participating delegates represented public and private sector stakeholders responsible for the future development of the Turkish power sector, allowing for U.S. companies providing equipment and services to the power sector to learn about upcoming opportunities in Turkey and connect with the senior decision makers.