ABSTRACT
Regional coordination in energy systems is not a zero-sum game, but can benefit the national interest of all parties. In 2006, the European Regulators Group for Electricity and Gas (ERGEG) introduced seven regional electricity markets to start the electricity market integration process. Natural gas is another fossil fuel that Turkey could potentially act as a transit hub for through increased regional energy coordination. As Southeast Asian economies and populations grow, regional energy demand will likely increase 80% by 2035 from 2011 levels. Regional coordination is extremely important, not just for the immediate benefits it provides to countries, but because it is the foundation of international progress. There are challenges and risks involved, but given the mutual problems of climate change and energy security; there is good reason for countries to cooperate. Energy security risks make some countries reluctant to embrace the import and cross-border trade of electricity.
