home
> Nuran Erkul
Spot market electricity prices for Thursday, Oct. 21
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 505.7 million Turkish liras
G7 countries well placed to fully decarbonize power supply by 2035: IEA
- G7 countries currently account for about 40% of global economy and 25% of global energy-related carbon dioxide emissions
Turkey's daily power consumption up 3.07% on Oct. 19
- Electricity exports amount to 12,671 megawatt-hours and imports total 11,720 megawatt-hours
Governments' fossil fuel plans 'dangerously' inconsistent with 1.5°C goal
- Countries plan 110% more fossil fuel production in 2030 than would be consistent with limiting warming to 1.5°C, UN report finds
Around 22% of European and 31% of US gas plants run at loss
- Utilities risk losing billions as surging fuel prices compound problems facing gas industry, report says
Rapid policy acceleration by 2025 could bring 'below 2°C' goal within reach
- Policy changes will be driven by investor, corporate and civil society pressure, climate impacts and volatile weather patterns
Spot market natural gas prices for Saturday, Oct. 16
- 1,000 cubic meters of natural gas on spot market costs 3,223 Turkish liras
Spot market electricity prices for Sunday, Oct. 18
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 446.96 million Turkish liras
Turkey's daily power consumption down 4.5% on Oct. 16
- Electricity exports amount to 14,761 megawatt-hours and imports total 14,323 megawatt-hours
home
> Nuran Erkul
Power prices surge by 150% in European markets and 75% in Turkish market
- Record natural gas and coal prices in Europe due to energy crisis also hit power markets
New France-led 'nuclear alliance' in Europe could lead to conflict
- France, with largest nuclear capacity in Europe, is boosting investments in nuclear amid energy crunch on continent
Turkey to become party to Paris Climate Agreement on Nov. 10
- Turkey is now expected to update its commitments to combat climate change
15.10.2021
Turkey
Clean energy investments need to more than triple by 2030 to curb emissions
- New energy economy is emerging but not yet quickly enough to reach net zero emissions by 2050: IEA's World Energy Outlook 2021
Energy crisis could lead to faster-than-expected rise in carbon emissions
- Global carbon emissions between Jan-Aug are already only 1% lower than peak emission levels of same period in 2019
Global health workforce makes recommendations to avert health catastrophe
- Global health workforce urges 10 green recovery actions to avert health catastrophe and reduce social and health inequities
11.10.2021
Coal
Spot market electricity prices for Tuesday, Oct. 12
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 352.04 million Turkish liras
Spot market natural gas prices for Sunday, Oct. 10
- 1,000 cubic meters of natural gas on spot market costs 3,231 Turkish liras
Turkey's daily power consumption down by 9.9% on Oct. 10
- Electricity exports amount to 15,948 megawatt-hours, while imports total 14,296 megawatt-hours
Paris Agreement's ratification launches new climate policy era in Turkey
- Turkey expected to adopt new emissions-cutting goals, action plans after lawmakers ratified Paris deal, say climate groups
home
> Nuran Erkul
Rapid action needed to cut methane emissions to combat near-term global warming
- Methane is responsible for around 30% of global temperature increase to date, new report says
Skyrocketing prices could threaten energy importing economies
- European natural gas prices surge by over 600% while coal prices quadruple in last year, raising fears of economic turbulences globally
Governments need to move decisively to unlock growth for low-carbon hydrogen
- Global production of low-carbon hydrogen is currently minimal and not cost-competitive, a new IEA report says
04.10.2021
Renewable
Turkey's oil imports down 1.3% in July 2021
- Total domestic oil product sales increase by 0.2% to 2.95 million tonnes in July this year
Turkey's gas imports up 30.1% in July 2021
- Total natural gas consumption in July shows 35% year-over-year growth, led by higher gas plant consumption
New wind, solar power generation cheaper than existing imported coal power in Turkey
- Levelized cost of electricity for wind and solar in Turkey much lower than from imported coal plants
Spot market electricity prices for Monday, Sept. 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 300.2 million Turkish liras
26.09.2021
Electricity
Spot market natural gas prices for Saturday, Sept. 25
- 1,000 cubic meters of natural gas on spot market costs 2,465 Turkish liras
Turkey's daily power consumption down 4.5% on Sept. 25
- Electricity exports amount to 16,580 megawatt-hours, while imports total 10,557 megawatt-hours
Turkey's ratification of Paris Agreement to be catalyst for renewables growth
- Turkish president says ratification of agreement will lead to radical changes in number of sectors
home
> Nuran Erkul
Int. Energy Agency calls on Russia to step up gas exports to Europe
- European gas market could face further stress tests from unplanned outages and sharp cold spells, especially in late winter
Soaring fossil gas costs account for 86% of tripling UK electricity prices
- Electricity generation from existing UK fossil gas plants is three times more expensive than new onshore wind, data shows
Turkey's natural gas futures market to open for trade on Oct. 1
- Gas futures market will enable market participants to minimize their risks, EXIST chairman says
Investment consultants advising on $10 trillion assets launch net zero initiative
- Initiative signatories commit to support their clients in achieving global net zero emissions by 2050
20.09.2021
Invesments
Trans Adriatic P/line transports first 5B cubic meters of gas to Europe
- TAP will avail of opportunities to deliver hydrogen to help reduce emissions in Europe, TAP managing director says
Clean power investments in Turkey reach $66B, creating 53% of electricity capacity
- Hydropower accounts for largest investment with $35 billion, followed by around $13 billion in wind power sector
IEA head Birol named on TIME 100 list of world's most influential people
- Whatever influence I may have, I want to use it to give world a fighting chance of limiting global warming to 1.5 °C, Birol says
15.09.2021
International Organization
European gas prices soar amid supply concerns and rising consumption
- Combined with less Russian gas and lower storage, concerns over gas supply reflect on prices
People in advanced economies very concerned about personal impact of climate change
- There is minimal praise from societies on how US and China handle climate change, survey shows
Spot market electricity prices for Wednesday, Sept. 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 313.90 million Turkish liras
home
> Nuran Erkul
Spot market natural gas prices for Monday, Sept. 13
- 1,000 cubic meters of natural gas on spot market costs 2,202 Turkish liras
Global pipeline of proposed coal plants shrink 76% since Paris Agreement
- Pre-construction pipeline of coal plants drops by 77% since 2015 among non-OECD countries excluding China, report reveals
14.09.2021
Coal
Turkey's daily power consumption up 12.8% on Sept. 13
- Electricity exports amount to 15,112 megawatt-hours, while imports total 5,866 megawatt-hours
Climate change could lead over 216 mln. people in 6 regions to internally migrate
- Scale of internal climate migration will be largest in poorest and most climate vulnerable regions, World Bank says
Majority of fossil fuels need to stay in ground to limit global warming
- Global oil and gas production needs to decline by 3% annually until 2050 for reaching target to limit global warming
Over $1T at risk unless oil, gas firms align business to 1.5°C Paris target
- Companies need to plan for major cuts in production by 2030s, a new Carbon Tracker report reveals
Turkey's LNG imports see dramatic fall as prices soar globally
- Share of LNG in total gas imports down 20% in first half of year from 45.7% level in same period of 2020
Health professionals call for emergency action on climate change crisis
- COVID-19 pandemic will end but there is no vaccine for climate crisis, says director-general of World Health Organization
Spot market electricity prices for Monday, Sept. 6
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 307.54 million Turkish liras
Spot market natural gas prices for Saturday, Sept. 4
- 1,000 cubic meters of natural gas on spot market costs 2,210 Turkish liras
05.09.2021
Turkey
home
> Nuran Erkul
Turkey's daily power consumption down 5% on Sept. 4
- Electricity exports amount to 15,101 megawatt-hours, while imports total 4,744 megawatt-hours
Spot market electricity prices for Thursday, Sep. 2
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 335.6 million Turkish liras
Spot market natural gas prices for Tuesday, August 31
- 1,000 cubic meters of natural gas on spot market costs 2,170 Turkish liras
Turkey's hydropower capacity grows although output lowers due to drought
- Hydropower plants generate 37.9 billion kilowatt-hours out of 188.7 billion kilowatt-hours of total output, data shows
Turkey's daily power consumption up 7.5% on August 31
- Electricity exports amount to 14,693 megawatt-hours, while imports total 8,448 megawatt-hours
Turkey's oil imports up 43.2% in June 2021
- Total domestic oil product sales increase by 10% to 2.72 million tonnes in June this year
Global power sector emissions soar as demand outpaces clean electricity growth
- World builds back badly from pandemic and rising emissions put limiting global warming by 1.5 degrees at risk, report warns
Human-induced climate change increases likelihood of floods
- Attribution study shows downpours in Western Europe last month are 3-19% heavier due to human-induced global warming
Governments need to halve emissions by 2030 to limit temperature rise to 1.5℃
- Scientists call for immediate, rapid and more ambitious plans to limit warming
Hydropower in Turkey lags behind growth in renewables
- Turkey generates 39% of electricity from clean sources in first half of 2021, report reveals
home
> Nuran Erkul
Spot market electricity prices for Saturday, July 24
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 275.05 million Turkish liras
Oil prices post 1% gain for week ending July 16
- Decision of OPEC+ and demand fears lead fluctuations in oil price during week
23.07.2021
Oil
Spot market natural gas prices for Thursday, July 22
- 1,000 cubic meters of natural gas on spot market costs 2,088 Turkish liras
Turkey's daily power consumption up 2.6% on July 22
- Electricity exports amount to 14,902 megawatt-hours, while imports totaled 3,627 megawatt-hours
Oil steady over $70 despite worries amid spread of Delta variant
- US says COVID-19 cases rise particularly in unvaccinated parts of country
23.07.2021
Oil
Spot market natural gas prices for Wednesday, July 21
- 1,000 cubic meters of natural gas on spot market costs 2,059 Turkish liras
Spot market electricity prices for Friday, July 23
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 223.7 million Turkish liras
Turkey's daily power consumption up 3.3% on July 21
- Electricity exports amount to 15,381 megawatt-hours, while imports total 4,015 megawatt-hours
Oil prices down after rise in US oil inventories
- US commercial crude oil inventories which increase by 0.5% for the week ending July 16
22.07.2021
Downstream
US crude oil inventories rise 0.5% for week ending July 16
- Commercial crude oil stocks rise by 2.1 million barrels, marking first increase after 8 weeks
home
> Nuran Erkul
Spot market electricity prices for Thursday, July 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 208.33 million Turkish liras
21.07.2021
Electricity
Turkey's daily power consumption down 13.6% on July 20
- Electricity exports amount to 14,397 megawatt-hours, while imports total 2,863 megawatt-hours
Oil prices fall slightly ahead of US stocks data
- Data on US oil inventories to be announced today by US Energy Information Administration
21.07.2021
Oil
OPEC's oil demand growth forecasts for 2021 remains unchanged
- Crude output rises mainly in Saudi Arabia but decreases in Iraq, OPEC says
15.07.2021
Oil
Spot market electricity prices for Friday, July 16
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 326.5 million Turkish liras
Spot market natural gas prices for Wednesday, July 14
- 1,000 cubic meters of natural gas on spot market costs 2,04 Turkish liras
Turkey's daily power consumption up 0.6% on July 14
- Electricity exports amount to 14,783 megawatt-hours, while imports total 3,075 megawatt-hours
Strong rebound in global electricity demand drives record coal-fired generation
- Global electricity demand is growing faster than renewables, driving strong increase in generation from fossil fuels
Oil down over potential agreement to increase supply
- US commercial crude oil inventories decrease by 1.8%, or 7.9 million barrels for week ending July 9
15.07.2021
Oil
Spot market electricity prices for Wednesday, July 14
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 330.47 million Turkish liras
home
> Nuran Erkul
Spot market natural gas prices for Monday, July 12
- 1,000 cubic meters of natural gas on spot market costs 2,056 Turkish liras
Turkey's daily power consumption up 12.5% on July 12
- Electricity exports amount to 14,660 megawatt-hours, while imports total 1,721 megawatt-hours
TAP signs deal with Albania to deliver 1st gas exit point Fier
- Fier gas exit facility in country will be operated by Albanian government, statement from TAP says
Climate crisis battle urgently needs fair and inclusive finance policy
- A clear climate finance pathway will be crucial to have success at COP26 summit in November, experts says
Shovel-ready renewable projects in Turkey to create 110,000 new jobs
- Visible pipeline of renewable projects create an investment volume of $19.4 billion in country, a new report shows
Spot market electricity prices for Wednesday, July 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 332.78 million Turkish liras
06.07.2021
Electricity
Spot market natural gas prices for Monday, July 5
- 1,000 cubic meters of natural gas on spot market costs 2,070 Turkish liras
Turkey's daily power consumption down 13.9% on July 5
- Electricity exports amount to 17,329 megawatt-hours, while imports total 6,729 megawatt-hours
Global gas demand growth threatens net zero goals
- Revival of gas demand is at lower average rates but still too high to be compatible with net-zero targets over long term
EBRD announces full Paris Agreement alignment by end of 2022
- Low-carbon transition requires world economy to move in less than 30 years from 80% reliance on fossil fuels to net-zero model
home
> Nuran Erkul
Five Asian countries plan 80% of new coal endangering climate targets
- Asian governments' plans for 600 coal plants could waste $150B despite renewables are already cheaper than running coal plants
Global hydropower growth set to slow significantly putting climate goals at risk
- Int. Energy Agency defines hydropower as "forgotten giant" of low-carbon electricity that is key in achieving climate goals
Turkey’s oil imports up 21% in April 2021
- Total domestic oil product sales decrease by 42% to 2.44 million tonnes in April this year
EBRD forecasts 5.5% growth in Turkish economy, 4.2% in emerging countries
- Bank revises up its forecast of 3.6% economic growth for its countries of operation in October 2020 as recovery gains pace
Turkey's gas imports up 79.4% in April 2021
-Total natural gas consumption in April shows 51.9% year-over-year growth, led by higher gas plant and household consumption
LNG sector faces delays to 26 export terminal projects globally
- Capacity of projects facing delays totals 265 million tonnes per annum
COP26 President visits Turkey to strengthen climate action cooperation
- 'As COP26 Presidency host, UK must listen to concerns and issues of all countries,' COP26 President Sharma says
Green hydrogen could be new player in Turkey’s exports to Europe
- Europe is driving force in creating create window of opportunity for potential export of Turkey's green hydrogen output
Gap between clean energy targets and actions grows alarmingly
- REN21's Executive Director Adib defines climate policy promises in past 10 years as "empty words"
G7 decisions short-sighted, insufficient to fight global crises: analysts
- Climate change and pandemic are crises that hit most vulnerable and need to be fought together, experts say
14.06.2021
Invesments