• Anadolu Agency
  • Electricity
    • Nuclear
    • Thermal
    • Coal
  • Natural Gas
    • Upstream
    • Downstream
    • Lng/Lpg
  • Oil
    • Upstream
    • Downstream
    • Refining/Petro Chemistry
  • Renewable
    • Wind
    • Solar
    • Hydro
    • Geothermal/Biomass
  • Finance
  • Regulation
    • Oil
    • Electricity
    • Natural Gas
    • Renewable
    • LPG
  • Energy Diplomacy
    • Energy Security
    • International Relations
    • International Organization
    • Energy Projects
  • other
    • News from companies
    • Energy Meetings
    • Video
  • Türkçe
  • English
Anadolu Agency Anadolu Agency
  • Anadolu Agency
  • Electricity
    • Nuclear
      US ready to fund viable nuclear energy projects in Türkiye, official says

      US ready to fund viable nuclear energy projects in Türkiye, official says

      Türkiye's Akkuyu nuclear plant attracts investor interest as energy production nears

      Türkiye's Akkuyu nuclear plant attracts investor interest as energy production nears

      Akkuyu Nuclear says commissioning underway for 1st reactor unit

      Akkuyu Nuclear says commissioning underway for 1st reactor unit

      International Atomic Energy Agency ready to 'accompany' African countries on nuclear journey

      International Atomic Energy Agency ready to 'accompany' African countries on nuclear journey

    • Thermal
      Türkiye says power system strong amid European blackout

      Türkiye says power system strong amid European blackout

      Türkiye's daily power consumption down 1.8% on April 26

      Türkiye's daily power consumption down 1.8% on April 26

      Türkiye's daily power consumption up 16.7% on May 22

      Türkiye's daily power consumption up 16.7% on May 22

      Türkiye's daily power consumption increases 1.2% on May 10

      Türkiye's daily power consumption increases 1.2% on May 10

    • Coal
      Global coal demand to remain on a plateau in 2025 and 2026: IEA

      Global coal demand to remain on a plateau in 2025 and 2026: IEA

      Türkiye says power system strong amid European blackout

      Türkiye says power system strong amid European blackout

      Global carbon emission storage facilities double in 5 years

      Global carbon emission storage facilities double in 5 years

      Trump seeks to revive coal industry and reverse long-term decline with new orders

      Trump seeks to revive coal industry and reverse long-term decline with new orders

  • Natural Gas
    • Upstream
      Spot market natural gas prices for Tuesday, Nov. 5

      Spot market natural gas prices for Tuesday, Nov. 5

      Global natural gas investments to reach almost $9 trillion by 2050

      Global natural gas investments to reach almost $9 trillion by 2050

      Spot market natural gas prices for Thursday, Jan. 5

      Spot market natural gas prices for Thursday, Jan. 5

      Turkish president announces more gas reserves found in Black Sea

      Turkish president announces more gas reserves found in Black Sea

    • Downstream
      Spot market natural gas prices for Thursday, April 17

      Spot market natural gas prices for Thursday, April 17

      Türkiye's natural gas imports up 17.7% in October

      Türkiye's natural gas imports up 17.7% in October

      Costs double as oil and gas discoveries decline in global markets

      Costs double as oil and gas discoveries decline in global markets

      Global gas production to increase by around 32% by 2050

      Global gas production to increase by around 32% by 2050

    • Lng/Lpg
      More LNG supply is expected in 2026 supporting rising gas demand: IEA

      More LNG supply is expected in 2026 supporting rising gas demand: IEA

      Türkiye's LPG production up 10.1% in April

      Türkiye's LPG production up 10.1% in April

      European energy markets face volatility in 2H25 amid tight LNG supply

      European energy markets face volatility in 2H25 amid tight LNG supply

      Global LNG exports rise 3.1% in 1st quarter on soaring EU demand

      Global LNG exports rise 3.1% in 1st quarter on soaring EU demand

  • Oil
    • Upstream
      Oil production in Türkiye's eastern region breaks first record in 2024

      Oil production in Türkiye's eastern region breaks first record in 2024

      Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

      Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

      US crude oil inventories down 1% for week ending Dec. 8

      US crude oil inventories down 1% for week ending Dec. 8

      US oil rig count up for week ending Dec. 8

      US oil rig count up for week ending Dec. 8

    • Downstream
      Türkiye, Iraq begin talks on new oil transport deal

      Türkiye, Iraq begin talks on new oil transport deal

      US oil rig count down by 8 for week ending May 23

      US oil rig count down by 8 for week ending May 23

      US oil rig count down by 6 for week ending June 28

      US oil rig count down by 6 for week ending June 28

      Oil dives as weak US inflation data dashes hopes for interest rate cuts

      Oil dives as weak US inflation data dashes hopes for interest rate cuts

    • Refining/Petro Chemistry
      US oil rig count down by 9 for week ending April 11

      US oil rig count down by 9 for week ending April 11

      Oil giants' profits slide 15.1% to $182.1 billion in January-September

      Oil giants' profits slide 15.1% to $182.1 billion in January-September

      Oil prices up on expectations of supply delay from OPEC+, recession fears in US

      Oil prices up on expectations of supply delay from OPEC+, recession fears in US

      Oil prices rise in week ending Aug.30 amid falling US inventories

      Oil prices rise in week ending Aug.30 amid falling US inventories

  • Renewable
    • Wind
      Global offshore wind capacity hits 83 GW, powering 73 million homes

      Global offshore wind capacity hits 83 GW, powering 73 million homes

      Türkiye's installed wind power capacity soars 177% in decade

      Türkiye's installed wind power capacity soars 177% in decade

      Global wind power capacity sees record growth in 2024

      Global wind power capacity sees record growth in 2024

      Solar and wind permanently overtakes domestic coal in Türkiye's power generation

      Solar and wind permanently overtakes domestic coal in Türkiye's power generation

    • Solar
      Turkish firm to invest $520 million in high-efficiency solar equipment production

      Turkish firm to invest $520 million in high-efficiency solar equipment production

      Candidate region selected for Türkiye's first YEKA floating solar power plant

      Candidate region selected for Türkiye's first YEKA floating solar power plant

      Norwegian firm Scatec secures financial close for 1GW solar-battery project in Egypt

      Norwegian firm Scatec secures financial close for 1GW solar-battery project in Egypt

      Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

      Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

    • Hydro
      Global renewables capacity more than doubles in a decade as hydropower remains top source

      Global renewables capacity more than doubles in a decade as hydropower remains top source

      Google and Brookfield sign $3B US hydropower deal to support clean energy goals

      Google and Brookfield sign $3B US hydropower deal to support clean energy goals

      Türkiye leads Europe with highest rise in hydropower capacity

      Türkiye leads Europe with highest rise in hydropower capacity

      Hydropower's role expands amid soaring global electricity demand

      Hydropower's role expands amid soaring global electricity demand

    • Geothermal/Biomass
      Highlights of Türkiye's energy market in 2024

      Highlights of Türkiye's energy market in 2024

      Climate crisis to push 150M more Africans into poverty by 2050, experts warn

      Climate crisis to push 150M more Africans into poverty by 2050, experts warn

      Taiwan starts drilling of 1st deep geothermal well

      Taiwan starts drilling of 1st deep geothermal well

      Türkiye sets new record for daily power consumption with 1.34% increase on July 9

      Türkiye sets new record for daily power consumption with 1.34% increase on July 9

  • Finance
    • Türkiye's Energy Minister to attend Anadolu's Editor's Desk on July 30

      Türkiye's Energy Minister to attend Anadolu's Editor's Desk on July 30

      Spot market electricity prices for Thursday, July 10

      Spot market electricity prices for Thursday, July 10

      Global wholesale gas prices average $4.88 per MMBtu in 2024

      Global wholesale gas prices average $4.88 per MMBtu in 2024

      Türkiye's daily power consumption up 4% on June 24

      Türkiye's daily power consumption up 4% on June 24

      Global renewable energy capacity surges 377% over past decade

      Global renewable energy capacity surges 377% over past decade

  • Regulation
    • Oil
      OPEC+ agrees to extend group-wide output cuts into 2025

      OPEC+ agrees to extend group-wide output cuts into 2025

      Libya Energy & Economic Summit 2024 to kick off in Tripoli

      Libya Energy & Economic Summit 2024 to kick off in Tripoli

      OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

      OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

      Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

      Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

    • Electricity
      Spot market electricity prices for Sunday, Dec. 3

      Spot market electricity prices for Sunday, Dec. 3

      ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

      ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

      Spot market electricity prices for Thursday, June 8

      Spot market electricity prices for Thursday, June 8

      High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

      High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

    • Natural Gas
      Spot market natural gas prices for Friday, Dec. 1

      Spot market natural gas prices for Friday, Dec. 1

      Turkey's daily power consumption down 0.77% on Oct. 23

      Turkey's daily power consumption down 0.77% on Oct. 23

      Russian Lukoil starts Chashkino gas-turbine power plant

      Russian Lukoil starts Chashkino gas-turbine power plant

      Gazprom posts 26% loss in 1H20

      Gazprom posts 26% loss in 1H20

    • Renewable
      Global offshore wind capacity hits 83 GW, powering 73 million homes

      Global offshore wind capacity hits 83 GW, powering 73 million homes

      Global energy transition requires $21.4T investment in power grids by 2050

      Global energy transition requires $21.4T investment in power grids by 2050

      Global renewable energy capacity surges 377% over past decade

      Global renewable energy capacity surges 377% over past decade

      Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

      Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

    • LPG
      Türkiye's LPG production up 12.4% in March

      Türkiye's LPG production up 12.4% in March

      Türkiye's LPG production down 4.3% in December 2024

      Türkiye's LPG production down 4.3% in December 2024

      Türkiye's LPG production down 25% in April 2024

      Türkiye's LPG production down 25% in April 2024

      Türkiye's LPG production up 15% in December 2023

      Türkiye's LPG production up 15% in December 2023

  • Energy Diplomacy
    • Energy Security
      EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

      EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

      Former Lithuanian FM warns Russia's shadow fleet threatens EU security

      Former Lithuanian FM warns Russia's shadow fleet threatens EU security

      Turkmen natural gas set to reach Türkiye on March 1

      Turkmen natural gas set to reach Türkiye on March 1

      Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts

      Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts

    • International Relations
      Libya hosts investor meeting in Istanbul for major oil, gas bid round

      Libya hosts investor meeting in Istanbul for major oil, gas bid round

      Albania, Italy, UAE sign deal on green energy cooperation

      Albania, Italy, UAE sign deal on green energy cooperation

      Experts: Iran's intensifying energy bottleneck drives country into multifaceted crisis

      Experts: Iran's intensifying energy bottleneck drives country into multifaceted crisis

      Türkiye, UK partner on ‘Energy and Climate Dialogue’

      Türkiye, UK partner on ‘Energy and Climate Dialogue’

    • International Organization
      Trump's victory shifts focus to US climate, trade policies

      Trump's victory shifts focus to US climate, trade policies

      IMF estimates inflation to gradually decline to target, though emerging market economies to remain in ‘double-digit territory’

      IMF estimates inflation to gradually decline to target, though emerging market economies to remain in ‘double-digit territory’

      US energy agency revises down Brent price forecast for 2024

      US energy agency revises down Brent price forecast for 2024

      Global oil demand growth to fall by half in 2024: Int. Energy Agency

      Global oil demand growth to fall by half in 2024: Int. Energy Agency

    • Energy Projects
      US energy agency slightly revises up Brent price forecast for 2025

      US energy agency slightly revises up Brent price forecast for 2025

      Pakistan, Türkiye sign pact on joint bidding for offshore oil and gas exploration

      Pakistan, Türkiye sign pact on joint bidding for offshore oil and gas exploration

      Syria, Saudi energy company discuss cooperation in agricultural sector

      Syria, Saudi energy company discuss cooperation in agricultural sector

      Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts

      Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts

  • other
    • News from companies
    • Energy Meetings
    • Video
  • select language
    • Türkçe
    • English

Highlights of global energy market in 2019

- Tensions between US and Iran, oil tanker attacks in Middle East and the climate crisis were hot topics in 2019

home > Electricity, Natural Gas, Oil, Nuclear, Thermal, Lng/Lpg, Refining/Petro Chemistry, Wind, Solar, Hydro, Geothermal/Biomass, Projects, Oil, Natural Gas, Electricity, Energy Diplomacy, Energy Security, International Relations, News from companies, World, Türkiye, Europe, Eurasia, Americas, Middle East-Africa, General 20.12.2019 10:42 Ebru Şengül

Highlights of global energy market in 2019

The global energy sector in 2019 largely featured growing tensions between the U.S. and Iran, oil tanker attacks amid heightened tensions in the Middle East and climate crisis.

The growing tensions between Iran, the U.S. and Saudi Arabia were at the center of discussions on the oil market in 2019 resulting in supply concerns. Tensions between the U.S. and Iran have been increasingly rising since last year when Washington unilaterally withdrew from the landmark 2015 nuclear deal between Tehran and the five permanent members of the UN Security Council plus Germany and the EU.

The U.S. has since embarked on a diplomatic and economic campaign to ramp up pressure on Iran to force it to renegotiate the agreement. Attempts to undermine the deal have included the re-imposition of U.S. sanctions on Iran's oil exports that were lifted as part of the 2015 agreement.

The U.S. announced on April 22 that the administration would no longer renew Iran sanctions' waivers. The eight countries that the waivers apply to are Turkey, Japan, South Korea, China, India, Taiwan, Italy and Greece. Following the announcement on April 24, oil prices reached their highest levels in 2019 when Brent traded at $74.65 per barrel. On April 25, Iran voiced its determination to continue to sell its oil and ship it through the Strait of Hormuz.

However, the U.S. continued its sanctions policy towards Iran. On June 8, the U.S. administration imposed sanctions on the Persian Gulf Petrochemical Industries Company (PGPIC) for indirectly supporting Iran's elite Islamic Revolutionary Guard Corps (IRGC). Then on June 16, the U.S. administration extended its sanction waiver for three more months on Iraq for energy imports from Iran.

On Sept. 20, the U.S. announced the imposition of sanctions on Iran's central bank. This was followed by other fresh sanctions on Sept. 25 to Chinese nationals and entities. The sanctions were directed specifically at COSCO Shipping Tanker Co. and COSCO Shipping Tanker Seaman & Ship Management Co. over their alleged transport of Iranian crude oil.

More recently, Iranian President Hassan Rouhani said their response to any negotiation with the U.S. under sanctions would be "negative" while stipulating that Iran would never negotiate with "an enemy that seeks to make Iran surrender with the weapon of poverty, pressure and sanctions."

-Tensions in the Gulf

Tensions in the Middle East escalated on May 13 when four commercial ships were attacked off the coast of the United Arab Emirates (UAE) port city of Fujairah. Two of the ships were Saudi-flagged oil tankers, one was an Emirati vessel, and the fourth was Norway-flagged.

During the same week, military drones attacked two oil pump stations on the East-West pipeline that carries oil from Saudi Arabia's Eastern Province to the Yanbu port in the Red Sea. The U.S. blamed Iran and its proxy forces for the attacks while on May 15 Saudi Arabia sent a letter to the UN Security Council denouncing Iran and Yemen's Houthi rebel group for targeting its oil facilities.

On June 13, two oil tankers were attacked in the Gulf of Oman. The Marshal Islands and the Panama-flagged vessels were en route to Taiwan and Singapore from Qatar and Saudi Arabia, respectively.

On July 4, the British Royal Marines seized an Iranian oil tanker in Gibraltar. The supertanker was suspected of transporting oil to Syria, which under EU law is considered a breach of the sanctions placed on the regime of Syria's Bashar al-Assad. On July 9, Iran vowed to respond to the seizure "at an appropriate time and place", adding that "the measure would not go unanswered."

On July 11, U.S. news channel CNN reported that five armed Iranian Islamic Revolutionary Guard Corps on boats attempted to seize a British oil tanker in the Persian Gulf, which Iran denied. After the reports, the U.K. government raised the threat level on British ships traveling in the Persian Gulf amid fears of exposure to attacks from Iran.

On July 12, the Iranian oil tanker seized in Gibraltar was "confirmed" to have contained 2.1 million barrels of light crude oil.

On July 18, naval forces of the IRGC seized a foreign vessel over smuggling fuel in the Gulf region. According to Iranian state TV, the oil tanker was carrying 12 people, and was "involved in smuggling roughly one million liters of oil from Iranian smugglers to sell them abroad."

The IRGC said on July 19 that it confiscated a British oil tanker in the Strait of Hormuz. "The British oil tanker Stena Impero was stopped by the IRGC's First Division of Navy for not falling in line with maritime rules," the Iranian forces said in a statement.

On July 20, the U.K. expressed its concern over Iran's seizure of the British oil tanker in the Persian Gulf. The EU and some European countries called on Iran to release the tanker, while the European Commission expressed "deep concern" over the seizure.

On July 24, the U.K. sent a mediator to Iran to resolve the issue. The following day, the U.K. called for a European-led maritime mission to ensure safe passage around the Persian Gulf. The British plan won initial support from France, Italy and Denmark. The U.S. also announced plans earlier for an international military coalition to provide safe passage for shipping around the Persian Gulf and Yemen.

On July 27, diplomats from countries still party to the 2015 nuclear deal with Iran held an emergency meeting in Vienna to discuss the possibility of salvaging the agreement. However, Iranians did not pin high hopes on a breakthrough at this meeting.

On August 4, Iran said it had seized a foreign oil tanker in the Persian Gulf for allegedly smuggling fuel, which Iran claimed later belonged to Iraq, a claim that Iraq has denied.

On August 19, the Iranian oil tanker seized in Gibraltar left the waters of Gibraltar en route to Iran. On Sept. 4, several crewmembers belonging to the seized British oil tanker were released and finally on Sept. 23, over two months after its seizure, Iran announced it was setting the British oil tanker free. On Sept. 27, the tanker left Iranian waters.

-Saudi Aramco attacks

On Sept. 14, fire erupted in two facilities of Saudi Arabia's oil company Aramco following strikes by armed drones. A day later, Saudi Arabia announced the temporary halt of oil production from its two oil facilities run by Aramco.

On Sept. 16, the Houthi rebels in Yemen claimed responsibility for the drone attacks. On Sept. 17, Saudi Energy Minister Prince Abdulaziz bin Salman confirmed that oil supplies had returned to their previous level seen before the Sept. 14 attacks on the facilities.

On Sept. 18, Saudi Arabia said it gathered evidence of Iran's involvement in the recent drone attacks on its Aramco oil facilities. The U.S., France, Germany and the U.K. also condemned Iran for the attack on Sept. 14.

Another attack that heightened tensions in the Middle East during the year occurred on Oct. 11. A missile attack caused an explosion at an Iranian oil tanker off the Saudi port city of Jeddah. On Oct. 21, Iran accused a "certain state" of carrying out the attack but failed to specify the country.

On Nov. 3, Saudi Arabia fully restored oil production.


-OPEC extends oil cut

The year also saw the Organization of Petroleum Exporting Countries (OPEC) and its allies agree on new oil production cuts. The cartel held its semi-annual meeting on Dec. 5-6. At the meeting, OPEC and its allies agreed to lower their collective crude oil production by an additional 500,000 barrels per day (bpd) for the first quarter of 2020.

In September, OPEC's crude oil production fell to its lowest monthly average in 10 years, OPEC data showed. Controlling 70% of the world’s oil supply in the 1970s, OPEC's share of the global oil market fell to 29% in September. As a result, arguments ensued over OPEC’s failure to lower the global oil supply glut to push crude prices higher. Some members left the cartel and others faced oil output declines, while both of these developments caused the market to question if the cartel has lost both control and market share in 2019.

Contrarily, global oil supply increased marginally during the month of November, the International Energy Agency's (IEA) Oil Market Report data released on Dec. 12 showed. The increase though came from non-OPEC countries as OPEC's oil production fell during the month.

Non-OPEC supply increased month on month by 320,000 to 66.15 million bpd in November. Total OPEC crude output, however, fell by 300,000 bpd from the previous month to reach 35.21 million bpd in November, according to the agency.

This year, Saudi Arabia's national oil company Aramco started its long-awaited trading on Dec. 11 on the country's stock exchange Tadawul with the symbol 2222, and immediately posted a 10% gain in its share price. Aramco also saw its market value surpass the $2 trillion mark on its second day of public trading on the Saudi stock exchange.


-U.S. also sanctions Venezuela

The U.S. administration also ramped up economic and diplomatic pressure on Venezuelan President Nicolas Maduro. On Jan. 29, the U.S. blacklisted Venezuela's state-owned oil and natural gas company, PDVSA and its U.S. subsidiary Citgo, the expectation of which was to block $7 billion in assets, and result in $11 billion of lost export revenue during 2019, according to the then U.S. National Security Advisor John Bolton.

On April 5, the U.S. blacklisted two companies in the Venezuelan oil sector and 34 vessels owned by Caracas' state-run oil company. Ballito Bay Shipping Inc. and ProPer in Management Inc. were also boycotted for operating in Venezuela's oil sector, according to the Treasury Department. Despina Andrianna, a ship the U.S. agency said was used to ship oil to Cuba, was also blacklisted.

On Dec. 3, the U.S. targeted six oil tankers in new Venezuela-related sanctions. The Treasury Department added five Venezuela-flagged and one Panama-flagged vessel linked to Venezuela's state-owned oil company, PDVSA, to its sanctions list.

-Climate emergency protests

This year massive protests took place calling for urgent action to prevent global warming. The protesters called on world leaders to respond more urgently to the climate crisis. The UN Climate Action Summit kick started on Sept. 23 with a climate emergency declaration while wanted posters were spread across New York of Shell, BP, ExxonMobil and Chevron CEOs pictured as "climate criminals."

Ahead of the summit, 66 countries showed their commitment to net-zero carbon dioxide emissions by 2050, including 10 regions, 102 cities, 93 businesses and 12 investors. On Sept. 24, Russia officially joined the Paris Agreement on climate change.

The same week between Sept. 20 and 27 saw one of the biggest global demonstrations calling for action on the climate crisis. Over 7.6 million people held demonstrations on streets and squares -- almost equal in numbers to the 2003 anti-Iraq war protests, making it one of the biggest global demonstrations in the history of protests, according to the climate action group, the 350 Movement.

"More than 6,100 events were held in 185 countries, with the support of 73 Trade Unions, 820 civil society organizations, 3,000 companies and 8,500 websites," the group said.

Meanwhile, the U.S. submitted paperwork on Nov. 5 to the UN that begins the one-year process to formally withdraw from the historic Paris climate accord. However, on Nov. 6, a group of over two-dozen mostly Democratic governors vowed to maintain obligations under the Paris climate accord, despite U.S. President Donald Trump's effort to quit the pact.

On Nov. 8, a "climate strike" was declared the Word of the Year for 2019 by the Scotland-based Collins dictionary. Climate strikes have become so frequent in large parts of the world that its usage increased a hundredfold in 2019, the dictionary reported.

On Nov. 15, the European Investment Bank said it would no longer finance any fossil fuel energy projects including natural gas from the end of 2021 onwards.

A two-week United Nations climate summit began in Madrid on Dec. 2 to convene world leaders and activists for talks on tackling the climate crisis. On Dec. 6, climate activist Greta Thunberg led a major protest in Madrid, as UN leaders and decision-makers congregated in the Spanish capital for the COP25 UN climate summit.

-Nord Stream II

The Nord Stream II project made significant progress in 2019. On Feb. 8, Germany and France reached a compromise on the Nord Stream 2 gas pipeline project. On Oct. 31, the Danish Energy Agency permitted the Nord Stream II AG company to build a section of the pipeline in the Danish Baltic Sea.

On Nov. 21, Deputy Prime Minister of Russia Dmitry Kozak confirmed that the pipeline would begin operations in mid-2020. More than 80% of the pipeline has been built for the project whose completion was originally expected by the end of 2019.

On Dec. 12, German Foreign Minister Heiko Maas lambasted U.S. plans to impose sanctions on the Nord Stream II pipeline project. The U.S. Senate overwhelmingly passed a massive $738 billion defense spending bill on Dec. 18 that includes sanctions on vessels used to construct the TurkStream and Nord Stream II pipelines.

By Ebru Sengul

Anadolu Agency

energy@aa.com.tr


related news

Türkiye discovers $4B worth of oil reserves in 2025: Energy minister
Oil prices dip amid Trump’s Russia comments, US inventory build
Türkiye, Kazakhstan sign energy and mining cooperation agreements
Global electricity demand to soar as coal use falls: IEA
Türkiye's Energy Minister to attend Anadolu's Editor's Desk on July 30
US onshore crude oil production hits record high: EIA
Facebook Facebook Twitter Google LinkedIn

Global electricity demand to soar as coal use falls: IEA

– IEA expects renewable electricity generation to overtake coal as early as 2025, or by 2026 at latest
10:28 Electricity , General

Türkiye's daily power consumption up 2.1% on July 29

- Electricity exports totaled 14,417 megawatt-hours, while imports amounted to 8,662 megawatt-hours
10:30 Electricity

Spot market electricity prices for Wednesday, July 30

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.49 billion Turkish liras
29.07.2025 Electricity

Türkiye's daily power consumption up 14% on July 28

- Electricity exports totaled 13,711 megawatt-hours, while imports amounted to 7,982 megawatt-hours
29.07.2025 Electricity

Spot market electricity prices for Tuesday, July 29

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.41 billion Turkish liras
29.07.2025 Electricity

Türkiye's daily power consumption down 8.5% on July 27

- Electricity exports totaled 16,863 megawatt-hours, while imports amounted to 7,423 megawatt-hours
29.07.2025 Electricity

Spot market electricity prices for Monday, July 28

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.4 billion Turkish liras
27.07.2025 Electricity

Türkiye's daily power consumption down 5.5% on July 26

- Electricity exports amount to 17,101 megawatt-hours and imports total 7,476 megawatt-hours
28.07.2025 Electricity

Spot market electricity prices for Sunday, July 27

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.1 billion Turkish liras
26.07.2025 Electricity

Türkiye's daily power consumption down 0.2% on July 25

- Electricity exports amount to 14,705 megawatt-hours and imports total 7,707 megawatt-hours
27.07.2025 Electricity

Spot market electricity prices for Saturday, July 26

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.22 billion Turkish liras
25.07.2025 Electricity

Turkish firm to invest $520 million in high-efficiency solar equipment production

- With additional investments, production capacity is expected to reach 5 GW by 2028, solar tech company head says
29.07.2025 Electricity , Solar

Türkiye's daily power consumption up 2% on July 24

- Electricity exports amount to 15,045 megawatt-hours and imports total 7,924 megawatt-hours
25.07.2025 Electricity

Global coal demand to remain on a plateau in 2025 and 2026: IEA

- "We expect the world's coal consumption to remain broadly flat this year and next", says IEA director of energy markets and security
25.07.2025 Coal

Spot market electricity prices for Friday, July 25

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.34 billion Turkish liras
24.07.2025 Electricity

Türkiye's daily power consumption up 1.5% on July 23

- Electricity exports amount to 15,496 megawatt-hours and imports total 8,903 megawatt-hours
24.07.2025 Electricity

Spot market electricity prices for Thursday, July 24

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.31 billion Turkish liras
23.07.2025 Electricity

Türkiye's daily power consumption up 3.7% on July 22

- Electricity exports amount to 15,022 megawatt-hours and imports total 9,540 megawatt-hours
24.07.2025 Electricity

Zorlu Enerji completes sale of energy assets in Israel

- Company recently completed sale of its 25% stake in Dorad Energy Ltd., a process that began in March
23.07.2025 Electricity , Natural Gas , Energy Diplomacy

Spot market electricity prices for Wednesday, July 23

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.37 billion Turkish liras
22.07.2025 Electricity

France's electricity exports rise as nuclear and hydropower lead in 2024: EIA

- Country increases electricity generation and export in 2024, while import falls by 50%
24.07.2025 Electricity

Türkiye's daily power consumption up 18.12% on July 21

- Electricity exports amount to 14,875 megawatt-hours and imports total 9,869 megawatt-hours
22.07.2025 Electricity

Spot market electricity prices for Tuesday, July 22

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.3 billion Turkish liras
21.07.2025 Electricity

Spot market electricity prices for Monday, July 21

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.14 billion Turkish liras
21.07.2025 Electricity

Türkiye's daily power consumption down 7.6% on July 19

- Electricity exports amount to 14,069 megawatt-hours and imports total 9,686 megawatt-hours
21.07.2025 Electricity

Türkiye's daily power consumption down 0.45% on July 18

- Electricity exports amount to 13,902 megawatt-hours and imports total 2,321 megawatt-hours
19.07.2025 Electricity

Spot market electricity prices for Saturday, July 19

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.05 billion Turkish liras
18.07.2025 Electricity

Türkiye's daily power consumption up 1.8% on July 17

- Electricity exports amount to 14,753 megawatt-hours and imports total 2,364 megawatt-hours
18.07.2025 Electricity

Spot market electricity prices for Friday, July 18

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.34 billion Turkish liras
17.07.2025 Electricity

Türkiye's daily power consumption up 7.9% on July 16

- Electricity exports amount to 13,460 megawatt-hours and imports total 1,971 megawatt-hours
17.07.2025 Electricity

Spot market electricity prices for Thursday, July 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.39 billion Turkish liras
16.07.2025 Electricity

Most wildfires caused by humans but weather makes them deadly: Expert on California fire risks

- Utility-sparked fires account for small share of ignitions but cause most severe damage during extreme weather, expert says
18.07.2025 Electricity , Energy Diplomacy , General

Türkiye's daily power consumption down 4.5% on July 15

- Electricity exports amount to 13,694 megawatt-hours and imports total 4,150 megawatt-hours
16.07.2025 Electricity

Spot market electricity prices for Wednesday, July 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.19 billion Turkish liras
15.07.2025 Electricity

Türkiye's daily power consumption up 12.3 % on July 14

- Electricity exports amount to 15,343 megawatt-hours and imports total 4,090 megawatt-hours
15.07.2025 Electricity

Spot market electricity prices for Tuesday, July 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.58 billion Turkish liras
14.07.2025 Electricity

Türkiye's daily power consumption down 9.8% on July 13

- Electricity exports amount to 15,222 megawatt-hours and imports total 6,015 megawatt-hours
16.07.2025 Electricity

Spot market electricity prices for Monday, July 14

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.90 billion Turkish liras
14.07.2025 Electricity

Türkiye's daily power consumption down 4% on July 12

- Electricity exports amount to 14,050 megawatt-hours and imports total 7,355 megawatt-hours
14.07.2025 Electricity

Spot market electricity prices for Sunday, July 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.40 billion Turkish liras
12.07.2025 Electricity

Lithuania must upgrade its grid to meet 2030 power export goal: IEA

- Lithuania must rapidly modernize its grid for meeting its goals of power exports, international energy watchdog says
16.07.2025 Electricity , General

Spot market electricity prices for Saturday, July 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.69 billion Turkish liras
11.07.2025 Electricity

Oil prices rise on supply concerns after Trump's Russia remarks

- Investors remain cautious amid uncertainty over tariff policy
11.07.2025 Electricity

Türkiye's daily power consumption down 0.2% on July 10

- Electricity exports amount to 13,434 megawatt-hours and imports total 7,225 megawatt-hours
13.07.2025 Electricity

Spot market electricity prices for Friday, July 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.04 billion Turkish liras
10.07.2025 Electricity

Türkiye's daily power consumption up 1.9% on July 9

- Electricity exports amount to 14,370 megawatt-hours and imports total 6,335 megawatt-hours
11.07.2025 Electricity

Spot market electricity prices for Thursday, July 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.10 billion Turkish liras
09.07.2025 Electricity , Finance

Türkiye's daily power consumption up 3.6% on July 8

- Electricity exports amount to 15,138 megawatt-hours and imports total 4,131 megawatt-hours
09.07.2025 Electricity

Spot market electricity prices for Wednesday, July 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.30 billion Turkish liras
08.07.2025 Electricity

Türkiye's daily power consumption up 19.5% on July 7

- Electricity exports amount to 14,656 megawatt-hours and imports total 4,004 megawatt-hours
09.07.2025 Electricity

Spot market electricity prices for Tuesday, July 8

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.20 billion Turkish liras
07.07.2025 Electricity

Türkiye's daily power consumption down 9% on July 6

- Electricity exports amount to 16,880 megawatt-hours and imports total 2,649 megawatt-hours
08.07.2025 Electricity

Spot market electricity prices for Monday, July 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.04 billion Turkish liras
06.07.2025 Electricity

Türkiye's daily power consumption down 4.1% on July 5

- Electricity exports amount to 13,869 megawatt-hours and imports total 4,905megawatt-hours
07.07.2025 Electricity

Spot market electricity prices for Sunday, July 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.34 billion Turkish liras
05.07.2025 Electricity

US ready to fund viable nuclear energy projects in Türkiye, official says

- Washington and Ankara are ‘deep friends and good partners,’ says US State Department advisor
08.07.2025 Nuclear , Energy Diplomacy

Türkiye's daily power consumption down 7% on July 4

- Electricity exports amount to 13,762 megawatt-hours and imports total 2,920 megawatt-hours
08.07.2025 Electricity

Spot market electricity prices for Saturday, July 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.80 billion Turkish liras
04.07.2025 Electricity

Türkiye's daily power consumption down 1.5 % on July 3

- Electricity exports amount to 13,479 megawatt-hours and imports total 3,415 megawatt-hours
04.07.2025 Electricity

Spot market electricity prices for Friday, July 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.91 billion Turkish liras
03.07.2025 Electricity

Türkiye's daily power consumption up 0.2% on July 2

- Electricity exports amount to 13,681 megawatt-hours and imports total 3,309 megawatt-hours
03.07.2025 Electricity

Türkiye's Akkuyu nuclear plant attracts investor interest as energy production nears

- Selection of potential partners must be approved by Türkiye under the Russia-Türkiye agreement, project's top executive says
05.07.2025 Nuclear

Spot market electricity prices for Thursday, July 3

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.62 billion Turkish liras
02.07.2025 Electricity

Akkuyu Nuclear says commissioning underway for 1st reactor unit

- 'We plan to carry out preparatory work this year to connect the first unit's switchyard to the electrical transmission system,' Anton Dedusenko tells Anadolu
03.07.2025 Nuclear , General

Türkiye's daily power consumption up 4.4% on July 1

- Electricity exports amount to 14,406 megawatt-hours and imports total 2,515 megawatt-hours
02.07.2025 Electricity

International Atomic Energy Agency ready to 'accompany' African countries on nuclear journey

- Developing nuclear energy requires infrastructure, capacity building, says agency head
02.07.2025 Nuclear

Experts, policymakers explore ways for Africa’s energy transition

- Nuclear Energy Innovation Summit for Africa opens with focus on exploring potential of small modular and micro reactors in accelerating energy transition
03.07.2025 Nuclear

Spot market electricity prices for Wednesday, July 2

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.78 billion Turkish liras
02.07.2025 Electricity

Türkiye's daily power consumption up 11.6% on June 30

- Electricity exports amount to 13,941 megawatt-hours and imports total 12,565 megawatt-hours
02.07.2025 Electricity

Spot market electricity prices for Tuesday, July 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.08 billion Turkish liras
30.06.2025 Electricity

Türkiye's daily power consumption down 12.4% on June 29

- Electricity exports amount to 14,301 megawatt-hours and imports total 11,740 megawatt-hours
01.07.2025 Electricity

Spot market electricity prices for Monday, June 30

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.84 billion Turkish liras
29.06.2025 Electricity

Türkiye's daily power consumption down 5% on June 28

- Electricity exports amount to 13,621 megawatt-hours and imports total 14,528 megawatt-hours
29.06.2025 Electricity

Spot market electricity prices for Sunday, June 29

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 878 million Turkish liras
28.06.2025 Electricity

Türkiye's daily power consumption up 0.74% on June 27

- Electricity exports amount to 14,347 megawatt-hours and imports total 10,993 megawatt-hours
30.06.2025 Electricity

Türkiye's licensed power generation up 11% in April

- Installed electricity capacity rises by 1.9% in April compared to same month in 2024
28.06.2025 Electricity

Spot market electricity prices for Saturday, June 28

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.67 billion Turkish liras
27.06.2025 Electricity

Candidate region selected for Türkiye's first YEKA floating solar power plant

- Floating solar panels improve feasibility for hydroelectric plants operating below capacity and improve efficiency of transmission lines
27.06.2025 Electricity , Solar

Türkiye's daily power consumption up 2.6% on June 26

- Electricity exports amount to 14,360 megawatt-hours and imports total 14,712 megawatt-hours
27.06.2025 Electricity

Global renewable expansion lags behind energy demand growth: Report

- Electrification is accelerating, particularly in developing economies, while all major energy sources hit all-time consumption highs in 2024, says industry report
27.06.2025 Electricity , Natural Gas , Renewable

Spot market electricity prices for Friday, June 27

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.97 billion Turkish liras
26.06.2025 Electricity

Türkiye's daily power consumption up 2.6% on June 25

- Electricity exports amount to 13,648 megawatt-hours and imports total 16,365 megawatt-hours
26.06.2025 Electricity

UN nuclear chief urges inspections in Iran

- Grossi says cooperation with International Atomic Energy Agency is key to resolving nuclear dispute
26.06.2025 Electricity

Spot market electricity prices for Thursday, June 26

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2 billion Turkish liras
25.06.2025 Electricity

Türkiye's daily power consumption up 4% on June 24

- Electricity exports amount to 13,498 megawatt-hours and imports total 15,533 megawatt-hours
25.06.2025 Electricity , Finance

Türkiye's daily power consumption up 16.2% on June 23

- Electricity exports amount to 13,845 megawatt-hours and imports total 16,929 megawatt-hours
24.06.2025 Electricity

Iran fires new salvo of missiles on Israel as conflict escalates

- Army says missile barrage triggered air-raid sirens in central, northern Israel
23.06.2025 Electricity

Spot market electricity prices for Tuesday, June 24

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.94 billion Turkish liras
23.06.2025 Electricity

Iran retaliation would be 'worst mistake' ever made, warns US secretary of state

- Marco Rubio says Tehran completely 'vulnerable' after US nuclear strikes
23.06.2025 Nuclear

Türkiye's daily power consumption down 12.5% on June 22

- Electricity exports amount to 15,276 megawatt-hours and imports total 13,543 megawatt-hours
23.06.2025 Electricity

Spot market electricity prices for Monday, June 23

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.60 billion Turkish liras
23.06.2025 Electricity , General

Türkiye's daily power consumption down 5% on June 21

- Electricity exports amount to 14,515 megawatt-hours and imports total 16,763 megawatt-hours
23.06.2025 Electricity

Spot market electricity prices for Sunday, June 22

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 920.20 million Turkish liras
21.06.2025 Electricity

Türkiye's daily power consumption down 0.05% on June 20

- Electricity exports amount to 13,629 megawatt-hours and imports total 17,617 megawatt-hours
21.06.2025 Electricity

Spot market electricity prices for Saturday, June 21

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.38 billion Turkish liras
20.06.2025 Electricity

Global renewable energy capacity surges 377% over past decade

- Growing awareness of climate change, combined with lower costs for wind and solar equipment and robust policy incentives, help boost global renewable capacity
23.06.2025 Electricity , Finance , Renewable

Russia, Kazakhstan agree on nuclear power plant roadmap

- Russian atomic energy corporation Rosatom to lead international consortium tasked with building a large-capacity nuclear power plant
23.06.2025 Electricity

Türkiye's daily power consumption up 2.3% on June 19

- Electricity exports amount to 13,506 megawatt-hours and imports total 18,288 megawatt-hours
22.06.2025 Electricity , Finance

Spot market electricity prices for Friday, June 20

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.02 billion Turkish liras
19.06.2025 Electricity

Türkiye's daily power consumption up 1.4% on June 18

- Electricity exports amount to 13,956 megawatt-hours and imports total 18,276 megawatt-hours
19.06.2025 Electricity
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11

  • Highlights of global energy market in 2019
1 / 1

Highlights of global energy market in 2019

  • up
Anadolu Ajansı

Corporate

  • History
  • Editorial Guidelines
  • Social Media Policies
  • Executive Team
  • Domestic Offices
  • International Offices
  • Logos
  • Communication
  • Quality Management
  • Privacy and Cookies Policy
  • Information Policy
  • Diary
  • Subscription Requests
  • Announcement Service

  • Business News
  • Finance Terminal
  • Anadolu Images
  • Energy Terminal
  • AA Academy

mobile services

  • IPhone Application
  • IPad Application
  • Android Application
  • Windows Application
We use cookies in a limited and restricted manner for specific purposes. For more details, you can see "our data policy".
Accept
© Anadolu Agency
-