SPEECH TO BE DELIVERED BY THE PRESIDENT AT 19th MEDREG GENERAL ASSEMBLY 24/05/2015 14:00 GOOD AFTERNOON LADIES AND GENTLEMEN; IT IS GREAT PLEASURE FOR ME TO SEE AND HOST MY DEAREST COLLEAGUES OF MEDREG. AS THE PRESIDENT OF THE ENERGY MARKET REGULATORY AUTHORITY OF TURKEY, I WOULD LIKE TO WELCOME YOU ALL ON BEHALF OF ALL EMRA STAFF. I WISH YOU A FRUITFUL MEETING AND A PLEASANT STAY IN OUR COUNTRY. I ALSO WANT TO CONVEY MY SINCERE GRATITUTE TO MEDREG FOR SUPPORTING EMRA TO GET THE HONOR OF HOLDING THE WFER 6 IN TURKEY. I AM VERY HAPPY TO SEE MEDREG BECOMING ONE OF THE MOST POWERFUL ENERGY ORGANISATIONS IN THE WORLD WITHIN ONLY 8 YEARS OF TIME LADIES AND GENTLEMEN, CONSIDERING THE IMPORTANCE OF ENERGY SUPPLY AND THE REGULATION IN THE WORLD, THE ROLE OF MEDREG IN ITS GEOGRAPHICAL REGION IS GETTING MORE AND MORE IMPORTANT. TODAY, YOU WILL BE DISCUSSING VERY IMPORTANT ISSUES FOR THE BETTERMENT OF THE FUTURE OF OUR ENERGY MARKETS AND FOR THE ELIMINATION OF THE CHALLENGES ON THE ENERGY MARKETS AND REGULATORY REGIMES. MEANWHILE, I WOULD LIKE TO CONVEY OUR ENTHUSIASM FOR STRENGHTENING THE BILATERAL RELATIONS AND EXCHANGE INFORMATION AND EXPERIENCE WITH MEDREG MEMBERS INDIVIDUALLY. OF AS A COUNTRY THAT CONSUMES HIGH AMOUNT OF GAS, AND POTENTIALLY CARRY HUGE AMOUNT OF GAS FROM EAST TO WEST, OUR NATURAL GAS POLICY IS ON THE TOP OF OUR ENERGY POLICY AGENDA. TURKEY BELIEVES THE IMPORTANCE OF REGIONAL COOPERATION FOR SETTING A SMOOTHLY FUNCTIONING NATIONAL GAS MARKET. MEDREG, JUST LIKE OTHER OUR INTERNATIONAL ORGANIZATIONS ARE VERY CRITICAL IN ACHIEVING THIS GOAL. POWER MARKET DEVELOPMENT IS AT AN ADVANCED STAGE WITH REGARD TO GAS IN TURKEY. TURKISH POWER MARKET IS THE FASTEST GROWING MARKET OF EUROPE. WE RECENTLY DECIDED ESTABLISHMENT OF A POWER EXCHANGE. GIVEN THE REMARKABLE AMOUNT OF INTERCONNECTION CAPACITY WITH ALL OF OUR NEIGHBOURS, SUPPLEMENTED BY THE ENTSO-E MEMBERSHIP... TURKEY WILL ACT AS A BRIDGE BETWEEN MASHREK COUNTRIES AND EUROPE. I AM SURE THAT MEDREG WILL PLAY A CRUCIAL ROLE IN THIS PROCESS. I AM CLOSING MY REMARKS BY STRESSING OUR COMMITTMENT TO CONTINUE ACTIVELY PARTICIPATING TO THE WORKS OF MEDREG I WELCOME YOU AGAIN AND WISH YOU A PLEASANT STAY IN ISTANBUL. NOW I HAVE TO LEAVE SO PLEASE ACCEPT MY APOLOGIES,… BUT I WISH A VERY FRUITFUL MEETING TO YOU ALL.