f The Impact of Global Energy Policies on Turkey and the Region

Achieving a secure (adequate, affordable, reliable, timely, clean and uninterrupted) supply of energy had always been a vital problem for consumers. However, for the suppliers, there is also a concern which can be called as “demand security”. They need long term committments from the demanding countries to justify their costly investments to develop hydrocarbon fields and thus enable long term supplies. Therefore the equation of energy security has more than a single parameter. We also have to consider the transit countries and their expectations to complete the picture.