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Oil prices down over rising COVID-19 cases, lockdowns
- Brent is still under pressure of protracted lockdowns due to second wave of coronavirus
2020 marks a year of highest gas flow via TANAP
- Pipeline contributes considerably to Turkey's natural gas supply security, Turkish energy minister says
Aygaz enters LPG business in Bangladesh via new partner
- Thanks to partnership agreement with United Enterprises, Aygaz will be entering Asian markets, CEO says
US sanctions Nord Stream 2 pipelaying vessel "Fortuna"
- US has long opposed the project, claiming it would threaten Europe's energy security
Turkey wraps up Turkali-1 drilling at Sakarya gas field
- Operations of Turkey's first drillship Fatih at Turkali-1 well extended to depths over 3,920 meters, Turkish Petroleum says
Energy efficiency saves Turkey $1B between 2017-2019
- Annual contribution of each one point of local, renewable energy addition to economy amounts to $100M, energy minister says
Spot market electricity prices for Sunday, Jan. 10
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 147.07 million Turkish liras
Spot market natural gas prices for Friday, Jan. 8
- 1,000 cubic meters of natural gas on spot market costs 1,279 Turkish liras
Turkey's daily power consumption down 1.3% on Jan. 8
- Electricity exports amount to 4,117 megawatt-hours, while imports totaled 3,003 megawatt-hours
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> Ebru Şengül
US oil rig count rises by 8 for week ending Jan. 8
- Oil rigs increase by 8 to 275, from 267 the previous week
Turkey's gold output reaches record high in 2020: Min.
- Annual production of 42 tonnes last year marks highest level in history of Republic of Turkey
07.01.2021
Turkey
Turkey to open mini solar tenders in 2 months
- Mini YEKA tenders are important in deploying more solar energy investments throughout Turkey, energy minister says
Spot market electricity prices for Sunday, Jan. 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 154.43 million Turkish liras
Spot market natural gas prices for Friday, Jan. 1
- 1,000 cubic meters of natural gas on spot market costs 1,322 Turkish liras
US oil rig count rises by 3 for week ending Jan. 1
- Oil rigs increase by 3 to 267, from 264 the previous week
Turkey's daily power consumption down 15.6% on Jan. 1
- Electricity exports amount to 5,718 megawatt-hours, while imports total 2,392 megawatt-hours
Filyos to be Turkey's new energy hub: Energy min.
- Discovery of 405 billion cubic meters of natural gas will come onshore at Filyos and connect to main grid from there
Turkey's new lithium prod. plant to save $20M imports
- Eti Maden Lithium Production Plant is projected to meet half of Turkey's lithium demand in coming years
Spot market electricity prices for Sunday, Dec. 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 141.57 million Turkish liras
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> Ebru Şengül
Spot market natural gas prices for Friday, Dec. 25
- 1,000 cubic meters of natural gas on spot market costs 1,297 Turkish liras
Turkey's daily power consumption down 2.4% on Dec. 25
- Electricity exports amount to 9,978 megawatt-hours while imports total 2,772 megawatt-hours
US oil rig count rises by 1 for week ending Dec. 25
- Oil rigs increase by 1 to 264, from 263 the previous week
Turkey to launch 1st lithium production plant on Dec 26
- President Erdogan will preside over launch of Eti Maden pilot lithium production plant on Saturday
Solar to help meet Turkish energy ministry's power need
- Solar power projected to meet 17% to 25% of annual energy consumption at energy ministry's headquarters: Energy Minister
Highlights of global energy market in 2020
- Oil price volatility due to Covid-19, energy demand slump and acceleration in renewables are hot topics in 2020
Highlights of Turkish energy market in 2020
- Black Sea gas discovery, tensions in E. Med., TurkStream coming online and records in renewables were hot topics in 2020
Turkey launches boron-derived dishwasher detergent
- Dishwasher liquid, washing up liquid and cleaner form part of launch of new eco-friendly products from boron
16.12.2020
Turkey
Oil prices drop over estimated rise in US crude stocks
- However, positive developments in COVID-19 vaccine applications have prevented further declines
Turkey, Azerbaijan sign MoU to supply gas to Nakhchivan
- 85-kilometer-long Turkey-Nakhchivan natural gas pipeline will carry 500 million cubic meters of gas annually
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Spot market electricity prices for Tuesday, Dec. 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 161.41 million Turkish liras
Spot market natural gas prices for Sunday, Dec. 13
- 1,000 cubic meters of natural gas on spot market costs 1,320 Turkish liras
Oil prices increase over vaccine optimism
- Following the UK and Canada, the US also starts vaccine rollout amid renewed restrictions worldwide against coronavirus
Turkey's daily power consumption down 8.5% on Dec. 13
- Electricity exports amount to 11,087 megawatt-hours, while imports total 192 megawatt-hours
Spot market natural gas prices for Monday, Dec. 7
- 1,000 cubic meters of natural gas on spot market costs 1,319 Turkish liras
Spot market electricity prices for Wednesday, Dec. 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 176.41 million Turkish liras
Turkey's daily power consumption up 16% on Dec. 7
- Electricity exports amount to 11,464 megawatt-hours, while imports total 1,105 megawatt-hours
Turkey’s LNG import share reaches 43% in 1H20
- Most dramatic increase in country's LNG import share was in May, BOTAS official says
UNEP urges governments to wind down fossil fuel output
- Countries need to change course to avoid locking in coal, oil, and gas production, UN Environment Program report warns
Brent oil price up 6.02% for week ending Nov. 27
- Long-awaited OPEC+ meeting on possible extension of production cuts will be next week
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Oil prices mixed over OPEC output cut uncertainty
- Mixed signals from OPEC+ on extension of output cuts push oil prices down from eight-month-lows
Spot market electricity prices for Wednesday, Nov. 25
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 168.5 million Turkish liras
Spot market natural gas prices for Monday, Nov. 23
- 1,000 cubic meters of natural gas on spot market costs 1,304 Turkish liras
Turkey's daily power consumption up 13.78% on Nov. 23
- Electricity exports amount to 12,381 megawatt-hours, while imports total 1,427 megawatt-hours.
RWE to sell stake in UK offshore wind farm to Greencoat
- Total cash consideration payable at completion of deal is 648 million pounds
2020 turning point for renewables in Turkey: En. min.
- Turkey's new installed capacity in renewables for 2020 is higher than 17 EU countries' renewables capacity, minister says
Kazakhstan to produce 86 million tons of oil in 2021
- This number is expected to reach 100.7 million by 2025, according to the Minister of National Economy Dalenov
Spot market natural gas prices for Tuesday, Nov. 17
- 1,000 cubic meters of natural gas on spot market costs 1,352 Turkish liras
Oil prices up for week ending Nov. 13
- However, weekly price gains come under pressure from US inventory build-up and resurgence in COVID-19 cases
13.11.2020
Oil
Kanuni drillship sets sail for Black Sea: Energy Min.
- Kanuni will start first drilling in early months of 2021, energy minister Donmez says
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Oil prices down with rising COVID-19 cases
- Oil prices are also under pressure over 4.3 million-barrel build-up in US crude inventories
13.11.2020
Oil
Spot market electricity prices for Friday, Nov. 13
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 171.61 million Turkish liras
Spot market natural gas prices for Wednesday, Nov. 11
- 1,000 cubic meters of natural gas on spot market costs 1,435 Turkish liras
Oil rises on OPEC+ output cut extension hopes
- Long-awaited OPEC+ agreement extension as well as vaccine hopes are bullish for markets on Thursday
12.11.2020
Oil
Global oil production increases in October 2020
- Libya is number one in OPEC that raised monthly crude oil production
11.11.2020
Oil
Brent oil trades over $45, highest in 2 months
- Hopes over an effective vaccine treatment for COVID-19 continues to support prices
11.11.2020
Oil
Oil rises on US crude stock data, COVID-19 vaccine news
- Fall of 5.1 million barrels in US crude stockpiles supports higher oil prices on Wednesday
11.11.2020
Oil
Oil down after Monday's gains due to demand fears
- Monday's steep rise is partly offset with lingering global demand concerns on Tuesday
10.11.2020
Oil
Spot market electricity prices for Sunday, Nov. 8
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 117.39 million Turkish liras
Spot market natural gas prices for Friday, Nov. 6
- 1,000 cubic meters of natural gas on spot market costs 1,424 Turkish liras
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> Ebru Şengül
Turkey's daily power consumption down 0.76% on Nov. 6
- Electricity exports amount to 11,262 megawatt-hours while imports reach 865 megawatt-hours
US oil rig count rises by 5 for week ending Nov. 6
- US sees a drop of 458 oil rigs from one year ago
Oil prices below $40 for week ending Nov. 6
- Demand concerns and uncertainty of US presidential outcome sustain price pressure
06.11.2020
Oil
Oil prices down as demand fears intensify
- New national lockdowns and measures continue to exert downward pressure on oil prices
06.11.2020
Oil
Turkey's Petkim profits up 36% year-on-year in 3Q20
- Company's profits reach 311 million Turkish liras in third quarter of 2020
Oil prices down amid probable Biden election win
- A win for Biden is seen as bearish for oil markets, as Democratic nominee supports green policies more
Turkey ranks 5th in Europe in wind equip. production
- The country hosts 12 operational facilities producing wind turbine components such as towers, blades and castings
Black Sea gas find can meet 22% of demand for 40 years
- Gas reserve discovery of 405 bcm in Black Sea should be able to fully meet 10 years of Turkey's energy demand, energy experts say
First seismic data from Oruc Reis due out on Wed.
- The Oruc Reis vessel set sail early Monday after country issued a 10-day Navtex alert for East Med.
Turkey to launch first lithium production
- Production projected to rise to nearly 500 tonnes per year in coming two to three years, according to energy minister
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> Ebru Şengül
Spot market electricity prices for Tuesday, Oct. 13
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 164.45 million Turkish liras
Spot market natural gas prices for Sunday, Oct. 11
- 1,000 cubic meters of natural gas on spot market costs 1,310 Turkish liras
Turkey's daily power consumption down 11.6% on Oct. 11
- Electricity exports amount to 10,472 megawatt-hours while imports reach 3,022 megawatt-hours
Poland fines Gazprom $7.6 billion over Nord Stream 2
- Polish anti-monopoly authority says Gazprom acted on Nord Stream 2 without obtaining approval from authority
Spot market electricity prices for Sunday, Oct. 4
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 140.6 million Turkish liras
Spot market natural gas prices for Friday, Oct. 2
- 1,000 cubic meters of natural gas on spot market costs 1,310 Turkish liras
Kanuni to start drilling at beginning of 2021
- Kanuni drill ship will sail from Turkey's southern province of Mersin on Oct. 10, according to energy minister
US oil rig count rises by six for week ending Oct. 2
- Number of oil rigs in US declined by a total of 521 from year ago
Turkey's daily power consumption down 2.1% on Oct. 2
- Electricity exports amount to 8,383 megawatt-hours while imports reach 438 megawatt-hours
Oil prices remain below $40 for week ending Oct. 2
- Oil prices decrease on Friday morning following news of US President Donald Trump's COVID-19 positive test
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Turkey's daily power consumption up 13.6% on Sept. 28
- Electricity exports amount to 8,607 megawatt-hours while imports reach 689 megawatt-hours
Spot market electricity prices for Sunday, Sept. 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 135.91 million Turkish liras
Spot market natural gas prices for Friday, Sept. 25
- 1,000 cubic meters of natural gas on spot market costs 1,359 Turkish liras
Turkey's daily power consumption down 0.65% on Sept. 25
- Electricity exports amount to 7,922 megawatt-hours while imports reach 884 megawatt-hours
US oil rig count rises by four for week ending Sept. 25
- Number of oil rigs in US declined by a total of 530 from year ago
Brent oil prices decline for week ending Sept. 25
- Weekly decline continues due to worries over COVID-19 resurgence, rising exports from Libya and production from Iraq
Spot market electricity prices for Friday, Sept. 25
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 181.99 million Turkish liras
Spot market natural gas prices for Wednesday, Sept. 23
- 1,000 cubic meters of natural gas on spot market costs 1,354 Turkish liras
Turkey's daily power consumption up 0.35% on Sept. 23
- Electricity exports amount to 9,017 megawatt-hours while imports reach 367 megawatt-hours
Battery patents grow by 14% in 13 years: Study
- Batteries account for nearly 90% of all patents in electricity storage worldwide, according to EPO-IEA joint study
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Turkish start-up to produce lithium-ion battery cathode
- Start-up aims to contribute to Turkey's efforts for locally-produced batteries for its first indigenous electric car, TOGG
COVID-19 to have lasting effect on global energy use
- COVID-19 will reduce global energy demand by 8% this year, according to newly released DNV GL report
Anadolu Agency's Energy Journalism Training begins
- Online program, with aim of helping foreign journalists enrich their knowledge in energy field, will run until Sept. 9
Spot market electricity prices for Sunday, Aug. 23
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 146.43 million Turkish liras
Spot market natural gas prices for Friday, Aug. 21
- 1,000 cubic meters of natural gas on spot market costs 1,310 Turkish liras
New gas find "transformational" for Turkey: WoodMac
- This is Turkey’s biggest-ever find by a wide margin and one of largest global discoveries of 2020, WoodMac analyst says
Black Sea gas find key to Turkey's energy independence
- At this point, it is important for Turkey to continue to develop and improve investor-friendly strategies, energy prof. says
Turkey's daily power consumption down 0.35% on Aug. 21
- Turkey's electricity exports amount to 4,011 megawatt-hours, while imports reach 2,598 megawatt-hours
US oil rig count rises by 11 for week ending Aug. 21
- Oil rig count in the US jumps double-digits this week