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Spot market natural gas prices for Thursday, Jan. 21
- 1,000 cubic meters of natural gas on spot market costs 1,305 Turkish liras
Asian spot LNG prices jump due to cold weather, low gas stock
- Asian spot LNG prices increase 16-fold, reaching $32.5 mmBtu in January
Turkey's daily power consumption down 0.45% on Jan. 21
- Electricity exports amount to 4,516 megawatt-hours, while imports totaled 1,660 megawatt-hours
US now needs an ambitious climate plan: Experts
- Biden administration begins process to rejoin Paris Agreement, as well as signing order to cancel Keystone XL pipeline
Turkey's renewable energy investments reach $7B in 2020
- Turkey renewable energy additions totaled 4,800 megawatts last year, supported by Turkey's Renewable Energy Support Scheme
Turkey expects to add 1,500 MW of solar power this year
- 672 megawatts of additional solar capacity came online in Turkey in 2020
Oil and gas-related methane emissions could rebound
- IEA calls on companies, governments and regulators to take urgent action to cut emissions from oil and gas sector
Spot market electricity prices for Monday, Jan. 18
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 183.1 million Turkish liras
17.01.2021
Electricity
Spot market natural gas prices for Saturday, Jan. 16
- 1,000 cubic meters of natural gas on spot market costs 1,297 Turkish liras
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Turkey's daily power consumption down 6.6% on Jan. 16
- Electricity exports amount to 4,434 megawatt-hours, while imports total 344 megawatt-hours
Electricity to form 30% of Turkey energy demand by 2040
- Final energy demand will increase by 40% while electricity demand will grow by around 70% to 90% by 2040
IEA to create 1st roadmap for net-zero emissions by 2050
- World's first comprehensive plan will analyze how energy sector can be decarbonized in line with Paris Agreement
12.01.2021
Renewable
Global gas demand drops by 2.5% in 2020
- Lower prices, making gas competitive in power sector, prevents a larger demand fall
11.01.2021
Natural Gas
Spot market electricity prices for Saturday, Jan. 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 153.8 million Turkish liras
Spot market natural gas prices for Thursday, Jan. 7
- 1,000 cubic meters of natural gas on spot market costs 1,292 Turkish liras
Spot market electricity prices for Saturday, Jan. 2
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 157.08 million Turkish liras
Spot market natural gas prices for Thursday, Dec. 31
- 1,000 cubic meters of natural gas on spot market costs 1,254 Turkish liras
Turkey's daily power consumption up 2.18% on Dec. 31
- Electricity exports amount to 6,611 megawatt-hours, while imports total 4,692 megawatt-hours
TAP opens commercial gas flow from Azerbaijan to Europe
- For first time in history, Azerbaijan's natural gas reaches European market through direct pipeline connection, SOCAR says
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Turkey seeks gas discount and flexible contracts
- Turkey's natural gas contracts totaling 15.9 billion cubic meters with Russia, Azerbaijan and Nigeria will expire in 2021
Turkey's gas imports up 28% in October 2020
- Total natural gas consumption in October grows 23.9% year-over-year
Turkey begins electricity export to Iraq
- Iraq becomes Turkey's fourth electricity export destination after Georgia, Bulgaria and Greece
Renewables output prevents Turkey's $5B energy imports
- Turkey's installed renewable capacity totals 49 gigawatts with approximately 4.7-gigawatt increase this year
Spot market electricity prices for Monday, Dec. 21
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 166.1 million Turkish liras
Spot market natural gas prices for Saturday, Dec. 19
- 1,000 cubic meters of natural gas on spot market costs 1,306 Turkish liras
Turkey's daily power consumption down 6% on Dec. 19
- Electricity exports amount to 12,538 megawatt-hours, while imports total 149 megawatt-hours
2021 global coal demand to grow 2.6% after record drop
- Rising coal demand poses major challenges to efforts to make emissions compatible with climate and sustainable energy goals
Spot market electricity prices for Friday, Dec. 18
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 164.44 million Turkish liras
17.12.2020
Electricity
Spot market natural gas prices for Wednesday, Dec. 16
- 1,000 cubic meters of natural gas on spot market costs 1,319 Turkish liras
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Turkey's daily power consumption down 0.40% on Dec. 16
- Electricity exports amount to 11,151 megawatt-hours, while imports total 37 megawatt-hours
Turkey's Sabanci to invest $450M in wind over 4 years
- "We put sustainability and new technologies at center of investments and growth plans," high official at conglomerate says
2020 global power demand to see biggest fall in 50 yrs.
- Demand is estimated to rebound modestly in 2021 after historic shock from pandemic in 2020, a new IEA report says
14.12.2020
Electricity
Support mechanism key to Turkey’s renewables growth
- Renewable energy capacity additions this year to date set record high with over 4,200 megawatts
Paris Agreement 5 years on with net-zero economy growth
- Paris Agreement ratified in December 2015 for transitioning to low carbon economy to gain speed in 2020s, a new report says
10.12.2020
General
Green recovery could cut 25% of forecast 2030 emissions
- UN says green recovery would put emissions within range, giving a 66% chance of holding temperatures below 2°C
09.12.2020
Renewable
Brent oil price up 3.44% for week ending Dec. 4
- Long-waited OPEC+ meeting ends with agreement to ease oil cuts next year by more than market expectations
04.12.2020
Oil
Turkey's oil imports up 14.1% in September 2020
- Output of oil refinery products decreases by 5.6% to 3.02 million tonnes in September 2020
Spot market electricity prices for Friday, Nov. 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 205.9 million Turkish liras
Spot market natural gas prices for Wednesday, Nov. 25
- 1,000 cubic meters of natural gas on spot market costs 1,347 Turkish liras
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Turkey's daily power consumption up 2.5% on Nov. 25
- Electricity exports amount to 14,252 megawatt-hours, while imports total 75 megawatt-hours
26.11.2020
Electricity
Turkey's gas imports up 22.5% in September 2020
- Total natural gas consumption in September grows 24.5% year-over-year
Spot market electricity prices for Monday, Nov. 23
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 184.9 million Turkish liras
Spot market natural gas prices for Saturday, Nov. 21
- 1,000 cubic meters of natural gas on spot market costs 1,304 Turkish liras
Turkey's daily power consumption down 6.5 % on Nov. 21
- Electricity exports amount to 14,255 megawatt-hours, while imports total 1,323 megawatt-hours.
UK bans new petrol and diesel car sales by 2030
- Country's ban on conventional car sales is 10 years earlier than expected under new plan for 'green industrial revolution'
G20 needs to ramp up targets to tackle climate crisis
- COVID-19 recovery spending for coal, oil and gas risks reversing positive trends seen before pandemic
Trans Adriatic Pipeline starts commercial operations
- Project secures $3.9 billion in financing from international institutions to transfer gas from Shah Deniz field to Europe
Turkey to rank 5th in Europe in renewable power growth
- Turkey's renewable energy capacity will grow by almost 50% by 2025, data reveals
Spot market electricity prices for Thursday, Nov. 12
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 159.36 million Turkish liras
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G20 backtracks on fossil fuel funding phase-out
- G20 governments' fossil fuels support is likely to trend upwards via COVID-19 recovery programs this year, new study finds
Key changes expected in US energy and climate policy
- Clean energy and climate change are expected to be main pillars of Biden administration's policy
US now only country officially leaving Paris Agreement
- It will take 30 days to rejoin agreement ratified by 189 countries globally
Israel to use only renewables and natural gas by 2030
- Country will increase renewable capacity, particularly solar, and phase out coal capacity by end of 2025, top official says
Spot market electricity prices for Wednesday, Nov. 4
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 152.8 million Turkish liras
Spot market natural gas prices for Monday, Nov. 2
- 1,000 cubic meters of natural gas on spot market costs 1,390 Turkish liras
Turkey's daily power consumption up 15.6% on Nov. 2
- Electricity exports amount to 7,984 megawatt-hours while imports reach 2,485 megawatt-hours
Renewable companies overtake world's once energy giants
- Financial markets have a rethinking of future energy needs and supplies with COVID-19 and regard fossil fuels a growing risk, top expert says
Spot market electricity prices for Friday Oct. 30
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 189.1 million Turkish liras
Spot market natural gas prices for Wednesday, Oct. 28
- 1,000 cubic meters of natural gas on spot market costs 1,354 Turkish liras
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Equinor sees 70% profit drop in 3rd quarter
- Weak prices due to pandemic impact financial results, company says
29.10.2020
Oil
Shell's profit in 3rd quarter falls by 80%
- Company's adjusted earnings hit $955 million in third quarter of 2020, financial results show
29.10.2020
Oil
Turkey's gas imports up 6.5% in August 2020
- Total natural gas consumption in August grows 19.5% year-over-year
Turkey's daily power consumption down 2% on Oct. 28
- Electricity exports amount to 10,339 megawatt-hours while imports reach 1,487 megawatt-hours
Turkey's oil imports down 29.8% in August 2020
- Output of oil refinery products decreases by 11.2% to 2.91 million tonnes in August 2020
Power sector in its biggest transformation in history
- Rise of new sources of generation, digitalization and new business models drive transformation: Int. Energy Agency report
Spot market natural gas prices for Saturday, Oct. 24
- 1,000 cubic meters of natural gas on spot market costs 1,319 Turkish liras
Turkey to continue exploration in East Med until Nov. 4
- Oruc Reis research vessel to conduct seismic studies in Eastern Mediterranean for 10 more days
Turkey's daily power consumption down 4% on Oct. 24
- Electricity exports amount to 12,590 megawatt-hours while imports reach 1,277 megawatt-hours
Turkey: Smart system warns of leaks in electric pole
- Do Not Touch Me will protect children, animals against electric shock, says Turkey’s electricity company
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Net-zero buildings could reduce energy demand by 95%
-Achieving global net-zero buildings is technically feasible in fight against climate change, new Oxford University study finds
Spot market natural gas prices for Sunday, Oct. 18
- 1,000 cubic meters of natural gas on spot market costs 1,312 Turkish liras
Spot market electricity prices for Tuesday Oct. 20
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 151.2 million Turkish liras
Turkey's daily power consumption down 11.1% on Oct. 18
- Electricity exports amount to 9,268 megawatt-hours while imports reach 3,833 megawatt-hours
Black Sea gas could meet all Turkey’s household needs
- Turkey's gas discovery in Black Sea reach 405 bcm: Turkish president
Recovery of global oil demand to take at least 3 years
- Global oil demand is estimated to return to pre-crisis levels by 2023, according to IEA's report
15.10.2020
Oil
Solar set to be 'new king' of world electricity markets
- Solar PVs are currently cheaper than new coal or gas-fired power plants in most countries due to cheap renewables financing
13.10.2020
Solar
Spot market electricity prices for Wednesday, Oct. 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 239.90 million Turkish liras
Spot market natural gas prices for Monday Oct. 5
- 1,000 cubic meters of natural gas on spot market costs 1,299 Turkish liras
Turkey's daily power consumption up 15.6% on Oct. 5
- Electricity exports amount to 11,490 megawatt-hours while imports reach 4,166 megawatt-hours
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Energy transition poses big credit risk to Gulf NOCs
- Sovereign sponsors of NOCs will impact credit profiles as governments shift to less carbon intensive economy, Moody's says
US taxpayers could face $280B debt for well plugging
- There are 2.6 million unplugged onshore wells in US, with another estimated 1.2 million that are undocumented, report says
Spot market electricity prices for Thursday, Oct. 1
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 172.3 million Turkish liras
Spot market natural gas prices for Tuesday, Sept. 29
- 1,000 cubic meters of natural gas on spot market costs 1,375 Turkish liras
Turkey's daily power consumption up 3.2% on Sept. 29
- Electricity exports amount to 8,419 megawatt-hours while imports reach 383 megawatt-hours
Renewable energy jobs reach 11.5 million worldwide
- Solar energy creates 33% of total global jobs alone while China is top country with 4.4M in employment, a new report shows
Turkey's oil imports up 6.1% in July 2020
- Output of oil refinery products decreases by 11.5% to 2.8 million tonnes in July 2020
Turkey's gas imports down 4.5% in July 2020
- Total natural gas consumption in July falls 0.2% year-over-year
Climate goals virtually impossible w/out carbon capture
- Technologies to capture and store carbon emissions need to accelerate significantly to meet Paris Agreement goals
24.09.2020
Renewable
GE to pursue exit from new-build coal power market
- Exit may include site closures, job impacts and divestitures, company says
22.09.2020
Coal
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Spot market electricity prices for Friday, Sept. 18
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 169.6 million Turkish liras
Spot market natural gas prices for Wednesday, Sept. 16
- 1,000 cubic meters of natural gas on spot market costs 1,324 Turkish liras
Turkey's daily power consumption down 0.5% on Sept. 16
- Electricity exports amount to 6,977 megawatt-hours while imports reach 82 megawatt-hours
Spot market electricity prices for Monday, Sept. 14
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 162 million Turkish liras
Spot market natural gas prices for Saturday, Sept. 12
- 1,000 cubic meters of natural gas on spot market costs 1,324 Turkish liras
Turkey's daily power consumption down 4.2% on Sept. 12
- Electricity exports amount to 3,715 megawatt-hours while imports reach 1794 megawatt-hours
Turkey's gas find could save up to $21B in import costs
- Actual savings could even be more as global gas prices and import costs are expected to rise in coming years: Rystad Energy
Spot market electricity prices for Monday, Aug. 31
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 183.3 million Turkish liras
30.08.2020
Electricity
Spot market natural gas prices for Saturday, Aug. 29
- 1,000 cubic meters of natural gas on spot market costs 1,306 Turkish liras