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Highlights of Turkish energy market in 2019

- E. Med. drilling, completion of TurkStream and of Akkuyu NPP foundation, TANAP's Europe leg opening were hot topics in 2019

home > Natural Gas, Oil, Renewable, Projects, Invesments, Energy Diplomacy, Energy Projects, Turkey 18.12.2019 10:09 Ebru Şengül

Highlights of Turkish energy market in 2019

The start of new drilling operations in the Eastern Mediterranean, the completion of the TurkStream pipeline project, the finalization of the laying of the foundation for the first reactor of the Akkuyu Nuclear Power Plant, the European leg of the Trans Anatolian Natural Gas Pipeline (TANAP) and the record high electricity generation from renewable and local resources marked the top news stories in Turkey's energy sector in 2019.

Turkey's exploration and drilling activities in the Eastern Mediterranean have expanded to a great extent in 2019. The country sent a second vessel, Yavuz, to the East Mediterranean Sea on June 20 to begin hydrocarbon exploration off the coast of Cyprus.

During the year, ongoing efforts to find common ground in sharing the East Mediterranean reserves between all concerned actors, namely Turkey, the Turkish Republic of North Cyprus (TRNC), and the Greek Cypriot Administration failed.

On July 13, the TRNC President Mustafa Akinci via the United Nations extended the hand of cooperation to explore hydrocarbon resources as equal partners and share the income equally with the Greek Cypriot administration leader Nicos Anastasiades. Three days later, however, the Greek Cypriot party leaders rejected this proposal.

In response, the Turkish Foreign Ministry clarified its stance in a statement saying 'it is a vain expectation for those who think that Turkey will bow to threats and back down on its rights in the Eastern Mediterranean.”

On July 16, the country's Energy and Natural Resources Minister Fatih Donmez revealed Turkey's plans to send a fourth ship, the Oruc Reis seismic vessel, to the Eastern Mediterranean region to continue exploration and drilling. Along with the Fatih and Yavuz drilling vessels, the Barbaros Hayreddin Pasa seismic vessel also conducts exploration activities on behalf of the country.

On Aug. 7, the sixth generation ultra-deepwater drillship Yavuz started its first operation at the Karpaz-1 well located in the Bay of Gazimagusa, also known as Famagusta, in the TRNC.

On Oct. 5, the Yavuz drilling vessel had reached its second location, Guzelyurt-1, to continue oil and gas exploration activities and to start drilling operations at the well on Oct. 27.

On Nov. 11, the European Council adopted a framework for restrictive measures in response to Turkey's drilling activities in the Eastern Mediterranean, calling them “unauthorized.” The Council said, 'the framework will make it possible to sanction individuals or entities responsible for or involved in unauthorized drilling activities of hydrocarbons in the Eastern Mediterranean.'

On Nov. 22, Donmez announced that Turkey had started conducting its third drilling in the Eastern Mediterranean with the country’s first drilling vessel, Fatih. Having started its activities in the region on Nov. 30 last year, the ship conducted two drillings in the Eastern Mediterranean and started a third on the Magusa-1 well off the Cypriot coast.


-Maritime boundary pact with Libya

On Nov. 27, Ankara and the Tripoli-based Libyan government reached two separate memorandums of understanding (MoUs), one on military cooperation and another on the countries’ maritime boundaries in the Eastern Mediterranean. The maritime boundaries pact came into effect on Dec. 8 and four days later Turkey applied to the UN to register it.

The signing of the MoU was followed by new plans for hydrocarbon exploration activities in the region. On Dec. 4, Donmez announced that Turkey plans new oil and gas exploration and production studies in its maritime jurisdiction area in line with the pact between Turkey and Libya's UN-recognized Government of National Accord (GNA).

'As with other areas, the companies that we will grant licenses to will start oil and gas exploration and production studies in maritime jurisdictions within the scope of this agreement,' Donmez said.

Turkey's Annual Presidential Program for 2020 announced on Nov. 4 also included Turkey's plans to conduct five offshore drillings in the Eastern Mediterranean next year.

Turkish President Recep Tayyip Erdogan also declared in a televised interview on Dec. 15 that Turkey might work in the region with oil and gas companies that are 'strong in the international community.'

On Dec. 17, the Israeli Public Broadcasting Corporation (KAN) announced that Israeli officials are open to talks with Ankara on its proposal to build a gas pipeline from Israel via Turkey to Europe.

- TANAP Europe leg inaugurated

This year also saw the realization of the biggest energy projects in the region, one of which was the Trans Anatolian Natural Gas Pipeline Project (TANAP). On Nov. 30, the Turkish and Azeri presidents inaugurated the project's European link.

The ceremony was held in the northwestern Turkish province of Edirne, near the border with Greece. During the ceremony, Erdogan described the project, dubbed as the Silk Road of energy, as 'a symbol of deep-rooted friendship between Turkey and Azerbaijan.'

The $7 billion TANAP project was officially launched in June 2018. It stretches from the Turkish-Georgian border to the Turkish-Greek border to deliver 6 billion cubic meters of Azeri gas to Turkey and 10 billion to Europe per year. The pipeline passes through 20 provinces and 67 districts of Turkey.

-TurkStream's offshore lines fully completed

Another project that made substantial progress in 2019 was the TurkStream Natural Gas Pipeline Project, which is due to deliver natural gas from Russia to Turkey and Europe.

The project consists of two lines, each with a length of 930 kilometers and a total capacity of 31.5 billion cubic meters. Gas flow from the first section is designated for supplies to Turkey's domestic customers and the second is expected to run further to Europe through Bulgaria, Serbia and Hungary.

On Feb. 4, Bulgaria's natural gas transmission and storage system operator, Bulgartransgaz, announced that Bulgaria completed a third market test to expand the country's gas transit network from Turkey to Serbia for the TurkStream pipeline.

On April 17, Serbia also started construction of its section of the TurkStream pipeline and on May 21, took delivery of the pipes that will be laid for this section of the pipeline.

On Aug. 6, the TurkStream project company revealed that the TurkStream project's gas receiving terminal in Kiyikoy, Turkey's main onshore section, was 95% completed.

On Oct. 8, the Minister of Energy and Mining of Republika Srpska Petar Djokic announced that a connecting branch of the TurkStream natural gas pipeline would start next year to extend from Belgrade to Srpska, one of the two entities of Bosnia and Herzegovina.

Russia's Gazprom reported on Nov. 20 that both sections of the dual TurkStream pipeline had been filled with gas. The energy giant also confirmed the construction of the Russkaya Compressor Station, which will provide the necessary pressure for the gas to traverse through the Black Sea, was finished. The completion of the station is considered a milestone and a key structure in Gazprom's giant gas pipeline and infrastructure network.

On Dec. 10, TurkStream spokeswoman Asli Esen confirmed that the landfall facilities in Russia and the offshore lines were fully completed. She declared that the opening ceremony which is set to bring together the Turkish and Russian presidents for the launch of the TurkStream Pipeline would be held on Jan. 8, 2020.

-Akkuyu Nuclear Power Plant

Turkey has taken vital steps in 2019 to realize the country's first nuclear power plant (NPP) project, Akkuyu, which has an operational date for the first reactor set for 2023.

The project company of Akkuyu Nuclear and French engineering group Assystem signed a cooperation agreement on Jan. 30 to ensure competent safety standards are implemented during the plant’s development.

Over 50 new Turkish specialists, who received diplomas from the Moscow Engineering Physics Institute (MEPhI) of Russia's National Research Nuclear University (NRNU), commenced work at Akkuyu Nuclear Joint Stock Company on Feb. 23.

The laying of the foundation for the first reactor of the nuclear power plant was completed on March 8 and works are reported to be in progress for the second unit. On July 30, a “core catcher”, the crucial safety component of the Akkuyu plant, was delivered to the construction site.

On Aug. 21, Russia's state-owned banking and financial services company Sberbank said it would provide a $400 million loan for the construction of Akkuyu nuclear power station.

More recently on Oct. 30, Russian Deputy Foreign Minister Alexander Grushko confirmed that the construction of the plant is fully on schedule.

The project, for which the intergovernmental agreement was signed in May 2010, is expected to be up and running at full capacity by 2025. It will consist of four VVER-1200 power units with a total installed capacity of 4,800 megawatts.

-2019: a record year for renewable generation

This year also saw a record high electricity generation from renewables. According to data from Turkey's Electricity Transmission Corporation (TEIAS), Turkey's wind electricity generation hit a daily record on Sept. 15 with the generation of 19% of total power from wind.

On Nov. 5, Donmez announced that Turkey produced 46% of its electricity from renewable resources during the first 10 months of 2019, which he said represented a steady monthly increase.

Local and renewable energy resources combined saw a total share of 64% in electricity production in the January-October period of this year, marking a record high level, the energy minister said.

These figures ensured that Turkey reached its objective of producing two-thirds of its electricity in the short-term from local and renewable resources, he affirmed.

The country made greater efforts to add more renewable energy power generation in its energy mix in 2019. With such an aim, the country finalized its second renewable energy resources zone (YEKA) wind tenders on May 30. Turkey's Enerjisa and Germany's Enercon won the tenders for a total capacity of 1,000 megawatts (MW).

The YEKA tenders form part of Turkey's aim to supply 65% of its energy needs from domestic and renewable sources by 2023. In the first 1,000 MW wind tender that Turkey's Renewable Energy Resources Zone Project offered, a Siemens Gamesa - Turkerler - Kalyon consortium won the tender by submitting the best price of $3.48 per kilowatt-hour.

During the fourth quarter of the year, the country announced plans to hold YEKA tenders for solar energy in a new form, known as 'mini YEKA.' The tender announcement came from Donmez on Oct. 7, when he said he expects the holding of these tenders in the first quarter of 2020.

Along with renewables, the country's efforts to make better use of local resources expanded to oil production. On Oct. 5, the country started crude oil production using hydraulic fracturing, also known as fracking. This is the country's first time to apply fracking methods for crude production, which took place in the southeastern province of Diyarbakir.

-Natural gas sector developments

On Jan. 10, Donmez announced that Turkey's daily natural gas consumption reached a historic record high at 245 million cubic meters on Jan. 8, beating its previous record made on Feb. 14, 2017, when consumption totaled 243 million cubic meters.

According to TEIAS official figures, the share of natural gas in Turkey's electricity production declined to its lowest level of the last 20 years to 30.66% in 2018.

However, Turkey's liquefied natural gas (LNG) imports reached a historic high of 7.14 billion cubic meters (bcm) in the first half of 2019, according to Turkey's Energy Market Regulatory Authority (EMRA).

This sector has also seen sizable agreements, investments and purchases in 2019. On March 13, Turkish Petroleum Pipeline Corporation (BOTAS) awarded the design, supply and installation of the second phase of the Tuz Golu (Salt Lake) Underground Natural Gas Storage Expansion Facility to a joint venture between China's Camc Engineering and Turkey's IC Ictas.

On June 18, SOCAR Turkey completed the takeover of EWE Turkey Holding's subsidiaries Bursagaz, Kayserigaz, Enervis, EWE Enerji and Millenicom.

On July 24, EMRA granted separate licenses to Shell and Turkish private gas company Aygaz for the export of natural gas from Turkey to Europe on July 24.

Azerbaijani integrated drilling and well services management company SOCAR AQS opened a representative office in the Turkish capital Ankara on Oct. 18. Four days later, the company’s director-general Ramin Isayev said that SOCAR AQS would dig 40 wells to expand the storage capacity at the Salt Lake facility in central Anatolia.

By Ebru Sengul

Anadolu Agency

energy@aa.com.tr



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Spot market natural gas prices for Sunday, May 15

- 1,000 cubic meters of natural gas on spot market costs 11,874 Turkish liras
16.05.2022 Natural Gas , Turkey

Turkiye's fourth drilling ship to arrive at Tasucu Port in Mersin on May 19

- After two-month stint in Mersin, the ship will be put to work in Eastern Mediterranean Sea
17.05.2022 Natural Gas , Oil , Renewable , Turkey

Russian gas transit to Europe via Sokhranivka to fall 25%: Gazprom

- Natural gas supplies via Ukraine decline from 62.7 million cubic meters to 48.6 million cubic meters on Monday, Russian gas firm says
17.05.2022 Natural Gas , Eurasia

Spot market natural gas prices for Saturday, May 14

- 1,000 cubic meters of natural gas on spot market costs 11,863.54 Turkish liras
16.05.2022 Natural Gas , Turkey

Spot market natural gas prices for Friday, May 13

- 1,000 cubic meters of natural gas on spot market costs 11,518.94 Turkish liras
15.05.2022 Natural Gas , Turkey , General

Spot market natural gas prices for Thursday, May 12

- 1,000 cubic meters of natural gas on spot market costs 11,882.46 Turkish liras
13.05.2022 Natural Gas , Turkey

Russia's Gazprom will no longer use Polish section of Yamal-Europe gas pipeline

- Yamal-Europe gas pipeline has annual capacity of 33 billion cubic meters
14.05.2022 Natural Gas , Europe , Eurasia , General

Spot market natural gas prices for Wednesday, May 11

- 1,000 cubic meters of natural gas on spot market costs 11,869.81 Turkish liras
12.05.2022 Natural Gas , Turkey

Oil and gas companies gamble on emission mitigation technologies

- Net zero targets are not enough for companies to be aligned with Paris, report warns
12.05.2022 Natural Gas , Oil , International Relations , Europe , Asia , Americas

Naftogaz CEO refutes Gazprom claims of inability to change gas transit point

- Gazprom changed transit point in October 2020, says Natofaz top official
12.05.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Spot market natural gas prices for Tuesday, May 10

- 1,000 cubic meters of natural gas on spot market costs 11,848.065 Turkish liras
12.05.2022 Natural Gas , Turkey

Russian gas transit to Europe via Sokhranivka falls 25%: Gazprom

- Natural gas supplies via Ukraine decline from 95.8 million cubic meters to 72 million cubic meters on Wednesday, Russian gas firm says
11.05.2022 Natural Gas , Europe , Eurasia

Turkiye's fourth drillship to arrive on May 19

- "Cobalt Explorer" left South Korea on March 7
12.05.2022 Natural Gas , Finance , Turkey , General

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
11.05.2022 Natural Gas , International Relations , Europe

Spot market natural gas prices for Monday, May 9

- 1,000 cubic meters of natural gas on spot market costs 11,844.11 Turkish liras
10.05.2022 Natural Gas , Turkey

Gas prices drop as Russia says sanctions will not affect gas payments from Europe

- Alternative supplies via liquefied natural gas and warmer weather ease pressure on natural gas prices
11.05.2022 Natural Gas , International Relations , Europe , Eurasia

Spot market natural gas prices for Sunday, May 8

- 1,000 cubic meters of natural gas on spot market costs 11,550.06 Turkish liras
09.05.2022 Natural Gas , Turkey

Turkiye's liquefied petroleum gas imports up 4.6% in February

- LPG production increases year on year by 44.2% to 85,679 tonnes, according to Turkiye's energy watchdog
10.05.2022 Lng/Lpg , Turkey

Spot market natural gas prices for Saturday, May 7

- 1,000 cubic meters of natural gas on spot market costs 11,505 Turkish liras
09.05.2022 Natural Gas , Finance

Spot market natural gas prices for Friday, May 6

- 1,000 cubic meters of natural gas on spot market costs 11,851 Turkish liras
07.05.2022 Natural Gas , Turkey

Spot market natural gas prices for Thursday, May 5

- 1,000 cubic meters of natural gas on spot market costs 11,847 Turkish liras
06.05.2022 Natural Gas , Stock Market , Turkey , General

Global LNG trade up 4.5% in 2021 as economic recovery continues

- Out of global LNG demand, Asia continues as leading importing region
09.05.2022 Lng/Lpg , Turkey , Europe , Eurasia , Asia , General

Germany unable to use second Nord Stream 2 line before 2028: Gazprom

- If Germany decides to put Nord Stream 2 into operation, only one line of dual pipeline will be used at 100% capacity, says Gazprom
05.05.2022 Natural Gas , Europe , Eurasia , General

High gas prices in 1Q22 reflected in Equinor's vast earnings

- War between Ukraine and Russia sends gas prices soaring in Europe
06.05.2022 Natural Gas , Finance , Europe , General

Spot market natural gas prices for Tuesday, May 3

- 1,000 cubic meters of natural gas on spot market costs 11,850 Turkish liras
04.05.2022 Natural Gas , Turkey

ExxonMobil to sell Romanian upstream affiliate for $1 billion+

- Romgaz gets all shares in ExxonMobil Exploration and Production Romania along with interest in Neptun natural gas block
05.05.2022 Natural Gas , Invesments , International Relations , Europe

Spot market natural gas prices for Monday, May 2

- 1,000 cubic meters of natural gas on spot market costs 11,850 Turkish liras
03.05.2022 Natural Gas , Turkey

Chevron posts $6.3 billion earnings for 1Q22

- Total revenues and other income of Chevron reach $54.37 billion for first quarter
02.05.2022 Natural Gas , Oil , Projects , Invesments , Americas

Spot market natural gas prices for Sunday, May 1

- 1,000 cubic meters of natural gas on spot market costs 11,850 Turkish liras
02.05.2022 Natural Gas , Turkey

ExxonMobil 1Q22 earnings $3.4B lower due to Russia exit

- Total revenues and other income of company reach $90.50 billion in first-quarter
03.05.2022 Natural Gas , Oil , Invesments , Americas

East Med. gas could substitute only 20% of EU's Russian gas imports

- Egypt is only country that exports gas in E. Med. currently, at about 10 billion cubic meters last year via its two LNG facilities
03.05.2022 Natural Gas , International Relations , Europe , Eurasia , Middle East-Africa

Spot market natural gas prices for Saturday, April 30

- 1,000 cubic meters of natural gas on spot market costs 11,819.66 Turkish liras
02.05.2022 Natural Gas , Turkey

EU gas buyers on horns of dilemma as Russia insists payments in rubles

- EU officials say paying in rubles means breaching sanctions, though Germany imports highest amount of Russian gas
03.05.2022 Natural Gas , Europe

Spot market natural gas prices for Friday, April 29

- 1,000 cubic meters of natural gas on spot market costs 11,919 Turkish liras
30.04.2022 Natural Gas , Turkey

Spot market natural gas prices for Thursday, April 28

- 1,000 cubic meters of natural gas on spot market costs 11,800 Turkish liras
29.04.2022 Natural Gas , Turkey

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
30.04.2022 Natural Gas , Turkey

Spot market natural gas prices for Wednesday, April 27

- 1,000 cubic meters of natural gas on spot market costs 11,936.60 Turkish liras
28.04.2022 Natural Gas , Turkey

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
29.04.2022 Natural Gas , Oil , Coal

Greece to assist Bulgaria after Russia halts gas supply

- Moscow refusing to resume gas supplies to Bulgaria, Poland unless they pay in rubles
28.04.2022 Natural Gas , Europe , Eurasia

Poland ready to survive without Russian gas, but Bulgaria needs support

- Warsaw is capable of importing all its needs through LNG terminal and from its neighbors, says expert
29.04.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Algeria threatens to cut off gas supplies to Spain

- Moving gas exported to Spain to a different destination breaks contract, says Energy Ministry
28.04.2022 Natural Gas , International Relations , Europe

EU Commission vows ‘immediate, united’ response to Russia’s gas supply cut

- ‘Era of Russian fossil fuel in Europe is coming to end,’ says European Commission President Ursula von der Leyen
28.04.2022 Natural Gas , Europe

Russia vows to cut gas supplies on veto of gas payments in ruble

- Kremlin spokesman refutes accusations that Russia is using natural gas as blackmail, says clients are well-informed in advance
28.04.2022 Natural Gas , World , Europe , Eurasia

Russian move to cut gas could have big upshot if larger states included: Rystad

- Bulgaria is fully dependent on Russian natural gas, while Poland is importing half of its natural gas from Russia, says Rystad
28.04.2022 Natural Gas , World , Europe , Eurasia

Spot market natural gas prices for Tuesday, April 26

- 1,000 cubic meters of natural gas on spot market costs 11,948.16 Turkish liras
27.04.2022 Natural Gas , Finance

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
28.04.2022 Natural Gas , Europe

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
28.04.2022 Natural Gas , Europe , Americas

European gas prices rise 13.4% as Russia cuts gas to Poland, Bulgaria

- Gazprom officially informed customers on April 1 of new rules for gas import payments in rubles
27.04.2022 Natural Gas , Europe , Eurasia

Gazprom halts gas supplies to Bulgaria, Poland

- Cutoff comes due to countries' refusal to pay for gas supplies in rubles, as Russia demanded amid its war on Ukraine
27.04.2022 Natural Gas , Eurasia

Russia to halt gas supply to Poland, Bulgaria amid ‘ruble’ row

- Poland to become 1st country to be cut off from gas by Gazprom since start of Russia’s war on Ukraine
27.04.2022 Natural Gas , Finance , Eurasia

Spot market natural gas prices for Monday, April 25

- 1,000 cubic meters of natural gas on spot market costs 11,963.89 Turkish liras
26.04.2022 Natural Gas , Turkey

Spot market natural gas prices for Sunday, April 24

- 1,000 cubic meters of natural gas on spot market costs 11,977.58 Turkish liras
25.04.2022 Natural Gas , Finance , Turkey , General

Spot market natural gas prices for Saturday, April 23

- 1,000 cubic meters of natural gas on spot market costs 11,940.61 Turkish liras
26.04.2022 Natural Gas , Turkey

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
24.04.2022 Natural Gas , Turkey

Spot market natural gas prices for Thursday, April 21

- 1,000 cubic meters of natural gas on spot market costs 11,984.92 Turkish liras
22.04.2022 Natural Gas , Turkey

Norway's oil production in March is below forecast

- Norway's preliminary oil production in March is 5.9% lower than Norwegian Petroleum Directorate's forecast
22.04.2022 Natural Gas , Oil , Europe , General

UK to make gas payments to Gazprombank under license valid until May 31

- Country buys less than 4% of its natural gas from Russia
22.04.2022 Natural Gas , Invesments , Europe , Eurasia

Italy's Eni, Congo Republic sign LNG deal

- Agreement covers increase in gas production in Congo, primarily through development of LNG project with start-up expected in 2023
23.04.2022 Lng/Lpg , Europe , Middle East-Africa , General

Revenue of Australian LNG company Santos up 99% in 1Q22

- Revenue increase due to stronger commodity prices combined with higher sales volumes
23.04.2022 Natural Gas , Finance , Lng/Lpg , General

Spot market natural gas prices for Wednesday, April 20

- 1,000 cubic meters of natural gas on spot market costs 11,989 Turkish liras
21.04.2022 Natural Gas , Turkey

Italy turns to Africa for gas needs to reduce dependence on Russia

- Italy, which depends on Russia for 40% of its gas, focuses on African countries to diversify energy sources
21.04.2022 Natural Gas , International Relations , Europe , Middle East-Africa

Italy could ration energy in May if Russia stops supplies

- Energy independence from Moscow could take 18 months, minister says
21.04.2022 Natural Gas , International Relations , Europe

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'
22.04.2022 Natural Gas , Europe

Spot market natural gas prices for Tuesday, April 19

- 1,000 cubic meters of natural gas on spot market costs 11,957.86 Turkish liras
20.04.2022 Natural Gas , Turkey

Hungary does not support sanctions against Russian oil, gas

- Russian gas shipments to Hungary arriving without disruptions, says Hungarian foreign minister
20.04.2022 Natural Gas , Oil , International Relations , Europe , Eurasia

Spot market natural gas prices for Monday, April 18

- 1,000 cubic meters of natural gas on spot market costs 11,955.92 Turkish liras
19.04.2022 Natural Gas , Finance , General

Spot market natural gas prices for Sunday, April 17

- 1,000 cubic meters of natural gas on spot market costs 11,975.66 Turkish liras
18.04.2022 Natural Gas , Turkey

Land pipeline set for completion for Black Sea gas flow this November

- BOTAS will complete the measurement station and pipeline by end of 2022, says Turkish Petroleum Pipeline Corporation official
20.04.2022 Natural Gas , Turkey , General

Spot market natural gas prices for Saturday, April 16

- 1,000 cubic meters of natural gas on spot market costs 11,942.09 Turkish liras
18.04.2022 Natural Gas , Finance

Spot market natural gas prices for Friday, April 15

- 1,000 cubic meters of natural gas on spot market costs 11,938.66 Turkish liras
17.04.2022 Natural Gas , Turkey

Spot market natural gas prices for Thursday, April 14

- 1,000 cubic meters of natural gas on spot market costs 11,923.64 Turkish liras
15.04.2022 Natural Gas , Turkey , General

Putin orders to redirect supplies of Russian energy resources from West to East

- Russian president instructs gov't to begin construction of infrastructure for deliveries of energy resources to markets of South and East
15.04.2022 Natural Gas , Oil , World , Eurasia

Commodity dependency puts all countries at risk

- Value of global commodity exports nearing $4.4 trillion
15.04.2022 Natural Gas , Oil , World

Spot market natural gas prices for Wednesday, April 13

- 1,000 cubic meters of natural gas on spot market costs 11,696.43 Turkish liras
15.04.2022 Natural Gas , Turkey

Norwegian LNG vessel to arrive in Turkiye on April 16

- Vessel is sailing under flag of Bahamas
14.04.2022 Lng/Lpg , Turkey , General

War-driven energy price hikes fueling US inflation

- US annual consumer inflation up 8.5% in March, highest since December 1981
14.04.2022 Natural Gas , Oil , World

Sudden cut of Russian gas risks €220B to German output: Report

- German economy expected to grow just 1.9% in 2022 if energy supply would stop abruptly
14.04.2022 Natural Gas , World

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
13.04.2022 Natural Gas , Turkey

Algerian LNG vessel arrives in Turkiye

- Lalla Fatma N'Soumer vessel reaches destination at Turkiye's Aliaga LNG Terminal on Wednesday
13.04.2022 Lng/Lpg , Turkey , General

Greece to step up gas exploration to cut reliance on Russia: Premier

- Reducing reliance on Russian natural gas, search for fossil fuel solutions only options for Greece, says Mitsotakis
13.04.2022 Natural Gas , Europe

Spot market natural gas prices for Monday, April 11

- 1,000 cubic meters of natural gas on spot market costs 11,688.54 Turkish liras
12.04.2022 Natural Gas , Turkey

Italy to sign gas deal with Algeria to reduce dependence on Russia

- Up to 10 billion cubic meters more could be delivered by Algiers, local media reports
12.04.2022 Natural Gas , World , Europe

Spot market natural gas prices for Sunday, April 10

- 1,000 cubic meters of natural gas on spot market costs 11,705.40 Turkish liras
12.04.2022 Natural Gas , Turkey

Spot market natural gas prices for Saturday, April 9

- 1,000 cubic meters of natural gas on spot market costs 11,785.08 Turkish liras
11.04.2022 Natural Gas , Turkey

Spot market natural gas prices for Friday, April 8

- 1,000 cubic meters of natural gas on spot market costs 11,784.36 Turkish liras
09.04.2022 Natural Gas , Turkey

Replacing Russian gas in Europe challenging in short term: Fitch

- Dependence on Russian gas varies by country; Germany, Italy importing highest volumes, agency says
11.04.2022 Natural Gas , International Relations , International Organization , Eurasia

Turkiye's Yavuz drill ship set sail for milestone operation in Sakarya gas field

- Pipe laying in Black Sea is projected to start in July or August, energy minister says
11.04.2022 Natural Gas , Turkey

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
08.04.2022 Natural Gas , Turkey

Russia-dependent Europe learns necessary lesson on energy security: Official

- 'We have policies that will yield results in the medium and long term', says Pinho, director at the European Commission's energy directorate
08.04.2022 Natural Gas , Energy Security , Europe , Eurasia , General

Spot market natural gas prices for Wednesday, April 6

- 1,000 cubic meters of natural gas on spot market costs 11,820.90 Turkish liras
07.04.2022 Natural Gas , Turkey

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
08.04.2022 Natural Gas , Turkey

European ministers in Budapest call for more energy cooperation

- Europe needs emergency plan, says Slovakia's Deputy Minister of Economy Karol Galek
07.04.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Spot market natural gas prices for Tuesday, April 5

- 1,000 cubic meters of natural gas on spot market costs 11,674 Turkish liras
06.04.2022 Natural Gas , Turkey
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