Turkish Minister of Energy and Natural Resources, Arslan Bayraktar, confirmed that geopolitical developments in the Middle East region directly affect global energy markets, emphasizing that energy supply security is closely linked to the security of maritime corridors, freedom of international navigation, and regional stability.
Arslan clarified in a statement to the Qatari news agency "QNA" that any disruption in navigation through the Strait of Hormuz could have repercussions on international markets, through the flow of oil and gas volumes, and through rising shipping and insurance costs and energy prices.
Energy security a national security element
The Turkish minister considered that the challenges witnessed by the global energy sector confirm that energy security is no longer just an economic issue, but has become a fundamental element of national security and political and economic stability for states.
He also emphasized the need to achieve a balance between three main objectives, which are ensuring supply security, maintaining the competitiveness of the economy, and reducing carbon emissions, stressing that the transition to clean energy should not come at the expense of providing energy at affordable prices for citizens and the industrial sector.
Diversifying supply sources
Arslan pointed out that his country treats energy security as a strategic issue requiring diversification of supply sources and multiple transport and storage routes.
Turkey has consistently warned that the continued disruption of vital maritime corridors, including the Strait of Hormuz, the Red Sea, and the Bab al-Mandab, threatens the stability of global supply chains, increases pressure on economies and markets, and enhances the importance of ensuring freedom of navigation and diversifying energy transport and supply routes.
Source: Syrian Arab News Agency (SANA)
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