Turkey has dynamic economic development and rapid population growth. It also has macroeconomic, and especially monetary, instability. The net effect of these factors is that Turkey's energy demand has grown rapidly almost every year and is expected to continue growing, but the investment necessary to cover the growing demand has not been forthcoming at the desired pace. On the other hand, Turkey's strategic location makes it a natural "energy bridge" between major oil and gas producing areas in the Middle East and Caspian Sea regions on the other hand, and consumer markets in Europe on the other. Oil consumption has increased in recent years in Turkey, and this trend is expected to continue, with growth of 2-3% annually in coming years. Oil provides around 43% of Turkey's total energy requirements, but its share is declining (as the share of natural gas rises). Around 90% of Turkey's oil supplies are imported, mainly from the Middle East and Russia. On the other hand, current gas production in Turkey meets 2.8% of domestic consumption requirements. Turkish natural gas is projected to increase dramatically in coming years, with the prime consumers expected to be industry and power plants. Turkey has chosen natural gas as the preferred fuel for the massive amount of new power plant capacity to be added in coming years.