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EU's gas imports from Russia fall 70% from July '21 to July '22
- Russia's policy to cut gas to some European countries while limiting exports via pipeline leads to drastic drop in EU's gas import levels
Spot market electricity prices for Tuesday, Aug. 16
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.79 billion Turkish liras
Spot market natural gas prices for Sunday, Aug. 14
- 1,000 cubic meters of natural gas on spot market costs 17,236.79 Turkish liras
Türkiye's daily power consumption down 10% on Aug. 14
- Electricity exports amount to 9,441 megawatt-hours and imports total 19,914 megawatt-hours
Spot market electricity prices for Saturday, Aug. 6
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.42 billion Turkish liras
Spot market natural gas prices for Thursday, Aug. 4
- 1,000 cubic meters of natural gas on spot market costs 17,289.03 Turkish liras
05.08.2022
Natural Gas
Countdown to first mission of Türkiye's Abdulhamid Han drill ship begins
- Final drill ship checks ongoing before it sets sail from Mersin Tasucu port
Türkiye's daily power consumption up 0.3% on Aug. 4
- Electricity exports amount to 8,837 megawatt-hours and imports total 18,939 megawatt-hours
Spot market electricity prices for Monday, August 1
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.86 billion Turkish liras
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Spot market natural gas prices for Saturday, July 30
- 1,000 cubic meters of natural gas on spot market costs 13,066.04 Turkish liras
Türkiye's daily power consumption down 4.4% on July 30
- Electricity exports amount to 7,552 megawatt-hours and imports total 15,809 megawatt-hours
Spot market natural gas prices for Tuesday, July 19
- 1,000 cubic meters of natural gas on spot market costs 12,636.38 Turkish liras
Spot market electricity prices for Thursday, July 21
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.47 billion Turkish liras
Türkiye's daily power consumption up 2.7% on July 19
- Electricity exports amount to 6,501 megawatt-hours and imports total 16,456 megawatt-hours
High prices and economic weakness strongly to slow power demand growth
- Renewable power generation is estimated to displace about 1% of fossil fuel-based generation worldwide, new report says
Cost of low carbon energy sources to "structurally and systematically" fall
- Investing in green projects is shifting away from high carbon and high volatility to low carbon and low volatility, senior economist says
Energy crisis could be turning point for policy making: IEA head
- No other solution than energy efficiency can address economic, energy and climate crisis simultaneously, Birol says
08.06.2022
International Relations
Energy efficiency paves emergency exit from energy crisis if action accelerated
- Cutting energy consumption with efficiency solutions can contribute to lowering household energy bills by at least $650 billion a year by 2030
Spot market electricity prices for Friday, June 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.37 billion Turkish liras
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Spot market natural gas prices for Wednesday, June 1
- 1,000 cubic meters of natural gas on spot market costs 12,000 Turkish liras
Türkiye's oil imports up 14.3% in March 2022
- Crude oil imports jump 11.2% to 2.66 million tons, latest data shows
Türkiye's daily power consumption down 0.2% on June 1
- Electricity exports amount to 11,721 megawatt-hours and imports total 14,103 megawatt-hours
Türkiye's gas imports up 6.6% in March 2022
- Natural gas storage volume declines by 48.6% to around 929 million cubic meters in March
Spot market electricity prices for Tuesday, May 31
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.70 billion Turkish liras
Spot market natural gas prices for Sunday, May 29
- 1,000 cubic meters of natural gas on spot market costs 12,000 Turkish liras
Turkiye's daily power consumption down 10.4% on May 29
- Electricity exports amount to 13,411 megawatt-hours and imports total 13,711 megawatt-hours
Spot market natural gas prices for Friday, May 20
- 1,000 cubic meters of natural gas on spot market costs 12,000 Turkish liras
Spot market electricity prices for Sunday, May 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 840.98 million Turkish liras
Turkiye's daily power consumption up 3.6% on May 20
- Electricity exports amount to 10,597 megawatt-hours and imports total 13,564 megawatt-hours
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US oil rig count up by 13 for week ending May 20
- Number of US oil rigs rises by 220 compared to one year ago
21.05.2022
Oil
Spot market natural gas prices for Sunday, May 15
- 1,000 cubic meters of natural gas on spot market costs 11,874 Turkish liras
Spot market electricity prices for Tuesday, May 17
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.12 billion Turkish liras
Turkiye's daily power consumption down 12% on May 15
- Electricity exports amount to 8,930 megawatt-hours and imports total 14,508 megawatt-hours
Oil and gas companies gamble on emission mitigation technologies
- Net zero targets are not enough for companies to be aligned with Paris, report warns
EU's gas usage plans may result in further €250B in bill by 2030 due to high prices
- EU's new proposal to cut reliance on Russia's fossil fuels will only cut bills by €47 billion, showing need for stronger renewables target
Renewables set to break new record in 2022 despite supply chain challenges
- Growth mainly driven by solar PV in China and Europe despite supply chain challenges, delays and high raw material costs
Turkiye's oil imports up 31.1% in February 2022
- Crude oil imports jump 46.9% to 2.34 million tons, latest data shows
Sustainability, eco-mobility offers new areas for Turkiye-Israel economic ties
- "It is very important to deepen cooperation between both countries cooperation for climate change challenges", senior Israeli diplomat says
Spot market electricity prices for Sunday, May 8
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 597.22 million Turkish liras
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Spot market natural gas prices for Friday, May 6
- 1,000 cubic meters of natural gas on spot market costs 11,851 Turkish liras
Turkiye's daily power consumption up 6.3% on May 6
- Electricity exports amount to 12,317 megawatt-hours and imports total 12,766 megawatt-hours
US oil rig count up by 5 for week ending May 6
- Number of US oil rigs rises by 213 compared to one year ago
Spot market electricity prices for Saturday, April 30
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 471.1 million Turkish liras
Spot market natural gas prices for Thursday, April 28
- 1,000 cubic meters of natural gas on spot market costs 11,800 Turkish liras
Turkiye's gas imports up 4.5% in February 2022
- Natural gas storage volume declines by 36.2% to around 1.66 billion cubic meters in February
Turkiye's daily power consumption up 0.22% on April 28
- Electricity exports amount to 13,211 megawatt-hours and imports total 13,012 megawatt-hours
Efforts to wean off Russian fossil fuels act as catalyst for clean transition acceleration
- Phasing out fossil fuels requires rapid and massive deployment of renewables as well as reducing demand
Russia in receipt of €63 billion for fossil fuels since start of war
- Germany is top buyer of Russian fossil fuels, with estimated imports of €9.1 billion, new analysis shows
EU maps out coordinated response to Russia's gas 'blackmail'
- Head of European Commission says move to cut gas flow to Poland and Bulgaria shows unreliability of Russia as gas supplier
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Changes seen in hydrocarbon trade as countries compensate for Russian supply losses
- EU picks up more oil and gas from Middle East and US, while more volumes from West Africa and Latin America make their way to US
Global coal plant capacity under development down 13% but faster cuts needed
- About 170 plants with 89 GW capacity, or 5% of operating fleet today, are not covered by a phase-out date or carbon neutrality target
Power demand, output in Ukraine drop 40% since start of war with no sign of recovery
- Generation from nuclear power plants, which normally meets half of Ukraine's electricity output, decreases by half
26.04.2022
Electricity
Spot market electricity prices for Sunday, April 24
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 980.4 million Turkish liras
Spot market natural gas prices for Friday, April 22
- 1,000 cubic meters of natural gas on spot market costs 11,944.62 Turkish liras
Turkiye's daily power consumption down 1.7% on April 22
- Electricity exports amount to 8,376 megawatt-hours and imports total 9,980 megawatt-hours
US oil rig count up by 1 for week ending April 22
- Number of US oil rigs rise by 206 compared to one year ago
Russia's daily oil output likely to fall to 10M barrel threshold in April
- Russia's oil production on last day of April is set to show drop to 9.8 million barrels a day, down from March average of 11 million barrels
21.04.2022
Oil
Energy savings in Europe could cut equivalent gas volumes of Nord Stream-1 flow
- IEA's head says simple actions could save households €450 per year and reduce reliance on Russia during 'first global energy crisis'
India capitalizes on Russian oil imports previously destined for Europe
- Total Urals arrivals in northwest European and Baltic ports drop by around 460,000 barrels per day, around 620,000 in March and down to 370,000 in April
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EBRD launches €500M financing facility to support green transition in Turkiye
- Facility is in response to Turkiye's ambitious new climate targets that require sharp increases in green investments, bank official says
Replacing Druzhba p/line flows poses difficulties for EU’s Russian oil phase-out plan
- As one of world's largest oil pipelines, Druzhba carries around 35% of total Russian crude for EU
Spot market natural gas prices for Tuesday, April 12
- 1,000 cubic meters of natural gas on spot market costs 11,676.66 Turkish liras
Spot market electricity prices for Thursday, April 14
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1,104 billion Turkish liras
Turkiye's daily power consumption up 3.2% on April 12
- Electricity exports amount to 13,081 megawatt-hours and imports total 12,907 megawatt-hours
Clean energy spending accounts for only 4% of global economic stimulus packages
- Sustainable recovery spending in recovery packages is 40% above expenditure levels after 2008 global financial crisis, IEA latest data shows
Spot market natural gas prices for Thursday, April 7
- 1,000 cubic meters of natural gas on spot market costs 11,857.65 Turkish liras
Spot market electricity prices for Saturday, April 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 702.5 million Turkish liras
Turkiye's daily power consumption up 1.2% on April 7
- Electricity exports amount to 13,348 megawatt-hours and imports total 13,052 megawatt-hours
Turkiye's Yavuz drill ship to set sail for milestone operation in Sakarya gas field
- Yavuz will conduct upper well completion works in Black Sea and start first operation in Turkali-2 well
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Russian coal replacement in EU may be limited, costly amid tight supply
- EU imported 69 million tons of coal from Russia in 2021, out of which Germany accounted for 22.3 million tons, data shows
Spot market natural gas prices for Tuesday, April 5
- 1,000 cubic meters of natural gas on spot market costs 11,674 Turkish liras
Spot market electricity prices for Thursday, April 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.06 billion Turkish liras
Turkiye's daily power consumption up 5% on April 5
- Electricity exports amount to 13,816 megawatt-hours and imports total 13,463 megawatt-hours
EU coal prices jump after ban on Russian imports
- Russian coal accounts for 54% of EU's total coal imports in 2020
Limiting global warming to 1.5°C beyond reach without deep emissions reductions
- Options in all sectors available to at least halve emissions by 2030 but major energy sector transitions are required, IPCC scientists say
Huge diesel shortage may hit markets in weeks
- It would be huge loss for global oil market if one million barrels of Russian diesel is eradicated from 30 million barrels worldwide, senior analyst warns
IEA members agree on new release of oil from emergency reserves
- Decision marks fifth time that IEA releases emergency stocks, statement says
01.04.2022
Oil
Renewable energy top priority for economic development of Turkish society
- 79% of the participants see renewable energy as a good opportunity for economic development, research shows
Hit by collateral sanctions, Russia's oil exports shift to Asia
- Share of Asia in Russian Baltic and Black Sea crude exports for March reaches 25%, highest since April 2020, data shows
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Turkiye's gas imports up 10% in January 2022
- Natural gas storage volume declines by 34.7% to around 1.51 billion cubic meters in January 2022
Wind, solar hit record 10% of global electricity generation in 2021
- Wind and solar generation grow by 17% last year with solar becoming fastest rising source of electricity generation for 17th year running, report shows
Spot market electricity prices for Tuesday, March 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 761.53 million Turkish liras
Spot market natural gas prices for Sunday, March 20
- 1,000 cubic meters of natural gas on spot market costs 9,637.88 Turkish liras
EU's gas, coal and oil imports from Russia since beginning of war nears €17 billion
- EU, second-biggest oil importer globally, is largest buyer of Russian oil, importing €5.8 billion as war enters fourth week
Turkiye's daily power consumption down 10.8% on March 20
- Electricity exports amount to 11,996 megawatt-hours and imports total 11,566 megawatt-hours
Emergency measures can cut daily oil demand by 2.7M barrels reducing supply crunch risk
- IEA chief warns immediate action is needed to reduce demand as the world could well face its biggest oil supply shock in decades
Turkiye's daily power consumption down 0.33% on March 17
- Electricity exports amount to 11,089 megawatt-hours and imports total 9,358 megawatt-hours
Trans Adriatic Pipeline hits milestone in deliveries to Europe with 10B cubic meters
- More capacity than approximately 8.5 billion cubic meters delivered to Italy is possible, company says
Turkiye, EU could form joint clean transition strategy to reduce import gas reliance
- Both sides could establish task force to evaluate common actions for development
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Russian billionaire resigns from biggest coal company after EU sanctions
- By end of 2021, legal entity representing billionaire Andrey Melnichenko's interests indirectly owned 92.2% of company's share capital
Spot market electricity prices for Monday, March 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 758.56 million Turkish liras
06.03.2022
Electricity
Spot market natural gas prices for Saturday, March 5
- 1,000 cubic meters of natural gas on spot market costs 9,594.10 Turkish liras
Turkiye's daily power consumption down 5.6% on March 5
- Electricity exports amount to 9,236 megawatt-hours and imports total 6,463 megawatt-hours
Russia-Ukraine crisis exposes need to expedite energy transition in EU
- Oil and gas exports become more critical for Russian economy since freezing of approximately half of central bank's reserves
Wintershall Dea writes off financing of €1 bln. Nord Stream 2 gas pipeline
- Company remains active in two natural gas production projects in Siberia
Turkiye's daily power consumption up 0.32% on March 2
- Electricity exports amount to 9,718 megawatt-hours and imports total 7,686 megawatt-hours
OMV no longer pursues share acquisition in Achimov gas field from Gazprom
- After Russia's war on Ukraine, a growing number of Western energy companies decide to leave projects in country
TotalEnergies will no longer provide capital for new projects in Russia
- Company has 19.4% share in Russia's Novatek and 20% share in Yamal LNG facility
Ukrainian power grid to connect with European grid as soon as possible
- This step would also link Moldova to EU grid, senior EU official saysNATURAL GAS MARKET (TL/1000Sm³)
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