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Spot market electricity prices for Wednesday, April 14
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 192.74 million Turkish liras
Turkey's daily power consumption up 15% on April 12
- Electricity exports amount to 10,746 megawatt-hours, while imports total 2,042 megawatt-hours
Oil prices down for week ending April 9
- Investors weigh rising supplies as weak demand outlook continues due to Covid-19
Oil prices mixed over weaker dollar, rising supplies
- Prices still under pressure after major oil producers of OPEC+ agree to increase output after April
Spot market electricity prices for Friday, April 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 153.99 million Turkish liras
Spot market natural gas prices for Wednesday, April 7
- 1,000 cubic meters of natural gas on spot market costs 1,657 Turkish liras
Turkey's daily power consumption down 3.2% on April 7
- Electricity exports amount to 7,184 megawatt-hours, while imports total 1,100 megawatt-hours
Turkey invests $635M in energy efficiency in 2020
- Having invested $4.8 bln. between 2017 and 2020, Turkey aims to invest $11 bln. by 2023 in line with energy efficiency plan
US energy agency revises up its oil price forecast
- International benchmark Brent crude is now estimated to average $62.28 per barrel in 2021
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Oil prices up on strong economic outlook, stock draw
- American Petroleum Institute estimates more-than-expected inventory draw of 2.618 million barrels for week ending Apr. 2
Oil prices up with strong economic data from US, China
- Upward price trend pushed back by OPEC+' decision to ease output and on indirect talks between US and Iran in Vienna
Spot market natural gas prices for Saturday, April 3
- 1,000 cubic meters of natural gas on spot market costs 1,644 Turkish liras
Turkey's daily power consumption up 1.55% on April 3
- Electricity exports amount to 12,506 megawatt-hours, while imports total 1,353 megawatt-hours
Turkey's energy import bill down 12.2% in February 2021
- Last month, overall energy imports fall due to rise in country's domestic and renewable energy production
Spot market electricity prices for Wednesday, March 31
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 166.06 million Turkish liras
Spot market natural gas prices for Monday, March 29
- 1,000 cubic meters of natural gas on spot market costs 1,408 Turkish liras
Turkey's daily power consumption up 14.3% on March 29
- Electricity exports amount to 16,579 megawatt-hours, while imports total 4,416 megawatt-hours
Brent oil price down 0.91% for week ending March 26
- Prices in downward trajectory with third Covid wave concerns and more-than-expected build in US crude inventories
Oil up as Suez Canal blockage fuels supply worries
- Efforts to free container ship, Ever Given, are expected to take weeks, says Suez Canal authorities
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Oil prices down over rise in US crude oil inventories
- Probable disruptions in vaccine programs and prospects of new restrictions prove bearish for prices
Turkey receives 709 applications for mini solar tenders
- 74 mini Renewable Energy Resource Zone tenders expected to meet energy needs of 1.23 million households
Spot market electricity prices for Monday, March 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 178.71 million Turkish liras
Spot market natural gas prices for Saturday, March 13
- 1,000 cubic meters of natural gas on spot market costs 1,310 Turkish liras
Turkey's daily power consumption down 5.76% on March 13
- Electricity exports amount to 8,067 megawatt-hours, while imports total 1,411 megawatt-hours
Akkuyu nuke plant to meet 10% of Turkey's power demand
- First unit of Akkuyu is planned to start in 2023, and thereafter one per year of remaining three units up to end of 2026
Spot market electricity prices for Thursday, March 11
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 187.96 million Turkish liras
Spot market natural gas prices for Tuesday, March 9
- 1,000 cubic meters of natural gas on spot market costs 1,319 Turkish liras
Turkey's daily power consumption up 1.76% on March 9
- Electricity exports amount to 8,300 megawatt-hours, while imports total 3,862 megawatt-hours
Oil up on projected economic recovery, inventory draw
- Oil prices retreat from $71 threshold on Tuesday after attacks on Aramco's oil facilities had no immediate impact on output
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Spot market electricity prices for Sunday, March 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 148.84 million Turkish liras
Spot market natural gas prices for Friday, March 5
- 1,000 cubic meters of natural gas on spot market costs 1,295 Turkish liras
Turkey's daily power consumption down 2.56% on March 5
- Electricity exports amount to 8,660 megawatt-hours, while imports total 8,127 megawatt-hours
US oil rig count rises by 1 for week ending March 5
- This marks drop of 372 in number of US oil rigs compared to one year ago
Turkey's daily power consumption down 0.25% on March 3
- Electricity exports amount to 10,083 megawatt-hours, while imports total 2,483 megawatt-hours
Spot market electricity prices for Sunday, Feb. 21
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 141.93 million Turkish liras
Spot market natural gas prices for Friday, Feb. 19
- 1,000 cubic meters of natural gas on spot market costs 1,218 Turkish liras
Turkey's Gumbel, Germany's SMA ink 70 MW inverter deal
- SMA Group's products will be firstly used in Aegean and Central Anatolian regions, Turkey's Gumbel Group says
US oil rig count falls by one for week ending Feb. 19
- This marks drop of 374 in number of US oil rigs compared to one year ago
Turkey's daily power consumption down 1.9% on Feb. 19
- Electricity exports amount to 9,067 megawatt-hours, while imports total 2,794 megawatt-hours
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Brent oil price up 1.5% for week ending Feb. 12
- Prices reached 13-month highs on Tuesday, while entering downward trajectory by midweek due weak demand recovery concerns
Oil price down after low demand forecast from OPEC, IEA
- However, ongoing production cuts from OPEC and non-OPEC limit further declines
TANAP is epitome of Turkey and Azerbaijan's cooperation
- Turkey received 9.4 billion cubic meters (bcm) of natural gas through TANAP as of Thursday, Turkish energy minister says
Spot market electricity prices for Wednesday, Feb. 10
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 164.2 million Turkish liras
Spot market natural gas prices for Monday, Feb. 8
- 1,000 cubic meters of natural gas on spot market costs 1,224 Turkish liras
Turkey's daily power consumption up 14.6% on Feb. 8
- Electricity exports amount to 5,218 megawatt-hours, while imports totaled 4,279 megawatt-hours
Turkish, German leaders discuss bilateral, EU relations
- In video talk with Angela Merkel, Recep Tayyip Erdogan stresses Turkey's determination to boost relations with EU
Spot market electricity prices for Sunday, Feb. 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 135.76 million Turkish liras
Spot market natural gas prices for Friday, Feb. 5
- 1,000 cubic meters of natural gas on spot market costs 1,244 Turkish liras
Turkey's daily power consumption down 1.2% on Feb. 5
- Electricity exports amount to 9,035 megawatt-hours, while imports total 2,597 megawatt-hours
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US oil rig count rises by 4 for week ending Feb. 5
- This marks drop of 377 in number of US oil rigs compared to one year ago
Turkey discovers 1.92 million ounces of gold in Bilecik
- Located in northwestern Turkey, new gold reserves are predicted to produce 6-7 tons of gold per year
Spot market electricity prices for Wednesday, Feb. 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 167.74 million Turkish liras
Spot market natural gas prices for Monday, Feb. 1
- 1,000 cubic meters of natural gas on spot market costs 1,263 Turkish liras
Brent oil price up 0.59% for week ending Jan. 29
- Upward price trend is capped by spread of virus variant, resulting in limited mobility and raising weak demand fears
Turkey sends off third export train of boron to China
- China has become key mining export market for Turkey with exports in 2020 reaching 5.8 million tons, energy minister says
Turkey's daily power consumption up 0.88% on Jan. 27
- Electricity exports amount to 8,380 megawatt-hours, while imports total 2,020 megawatt-hours
'Fatih' to drill in Turkali-2 well next month at latest
- Turkey's first drillship arrived at new destination in Black Sea on Sunday, Energy Minister Fatih Donmez says
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
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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
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
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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
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
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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
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
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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
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