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Trump opposes Nord Stream II, questions Germany

- At White House meeting with presidents of Lithuania, Latvia and Estonia, Trump objects to Germany's support for project

home > Finance, Downstream, Europe, Eurasia, Americas, General 04.04.2018 10:25 Murat Temizer

Trump opposes Nord Stream II, questions Germany

The U.S. President Donald Trump objected to the Nord Stream II natural gas pipeline to carry Russian gas to Germany through the Baltic Sea prior to a working lunch with the heads of the Baltic States on Tuesday.

Trump met with the presidents of Lithuania, Latvia and Estonia in the White House to discuss energy and security issues.

'Germany hooks up a pipeline into Russia, where Germany is going to be paying billions of dollars for energy into Russia,' said Trump and added, 'And I’m saying, “What’s going on with that? How come Germany is paying vast amounts of money to Russia when they hook up a pipeline? That’s not right.'

In addition to the U.S., many European countries, including Denmark, Poland and Lithuania, are against the Nord Stream II claiming it will increase Russian influence on European energy markets.

In November 2017, the Danish Parliament approved a law that allows the country's authorities to prohibit the construction of Nord Stream II in Danish territorial waters.

The Russian authorities said earlier that they would find an alternative route in the case of Denmark's rejection of the existing route.

The Nord Stream II natural gas pipeline project plans to deliver Russian gas to Europe through the Baltic Sea with a capacity of 55 billion cubic meters per year.

On March 27, the project received the permit for the construction and operation of the pipeline system in Germany.

The project is co-financed by five European companies, E.ON, Wintershall, Shell, OMV and Engie.

By Murat Temizer

Anadolu Agency

energy@aa.com.tr



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04.02.2022 Electricity , Finance

Spot market natural gas prices for Wednesday, Feb. 2

- 1,000 cubic meters of natural gas on spot market costs 10,979 Turkish liras
03.02.2022 Electricity , Finance , Turkey

Turkiye's daily power consumption down 1.1% on Feb. 2

- Electricity exports amount to 10,118 megawatt-hours and imports total 12,419 megawatt-hours
04.02.2022 Electricity , Finance , Turkey

Turkiye's first floating offshore wind energy modelling study to help unearth new potential

- Study conducted by Izmir Institute of Technology aims to produce unique design for use in Turkiye's seas in coming years
02.02.2022 Renewable , Wind , Projects , Turkey

Turkiye's daily power consumption down 8.3% on Jan. 30

- Electricity exports amount to 16,521 megawatt-hours and imports total 20,353 megawatt-hours
01.02.2022 Electricity , Finance , Renewable

Global gas markets could see limited supply availability in next few years

- In absence of strong policies to curb demand, gas supply adequacy could emerge as a concern in medium term
01.02.2022 Natural Gas , Finance , Europe

Norway wealth fund earnings are 2nd highest in 2021 after 2019 record high

- Norwa's fund makes 14.5% return on investment last year, earning second-highest annual return in kroner in fund's history
28.01.2022 Finance , Europe , General

Oil price surge could spark climate-busting investment in new projects

- Firms can avoid wasting $500 billion with managed approach to transition even if oil demand rises short-term, study finds
28.01.2022 Finance , Renewable , World

European energy companies failing on net zero commitments

- Companies' plans to install solar and wind power by 2030 fall short of minimum six-fold growth to reach net zero, new report finds
26.01.2022 Electricity , Finance , Renewable

Rosatom hosts "Small Modular Reactors Day" at EXPO 2020

- Small Modular Reactors Day event is an international platform for discussing benefits of Small Modular Reactors
25.01.2022 Finance , Nuclear , Renewable , Eurasia

Spot market electricity prices for Sunday, Jan. 23

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 573.57 million Turkish liras
22.01.2022 Electricity , Finance , Turkey

Spot market natural gas prices for Friday, Jan. 21

- 1,000 cubic meters of natural gas on spot market costs 10,089 Turkish liras
24.01.2022 Natural Gas , Finance , Renewable

Turkiye's daily power consumption down 37% on Jan. 21

- Electricity exports amount to 11,370 megawatt-hours and imports total 12,427 megawatt-hours
23.01.2022 Electricity , Finance , Turkey

Turkiye's coal power down 3rd year in row but carbon intensity still steady

- Share of coal in total electricity generation at 37% in 2018 but falls to 32% in 2021, new report reveals
21.01.2022 Electricity , Finance , Coal

Turkish-German energy partnership website launches

- Partnership intensifies German-Turkish collaboration through exchange of experience and by initiating specific pilot projects
20.01.2022 Finance , Renewable , Energy Diplomacy , Turkey , Europe

Spot market natural gas prices for Tuesday, Jan. 18

- 1,000 cubic meters of natural gas on spot market costs 10,088 Turkish liras
19.01.2022 Natural Gas , Finance , Renewable

Spot market electricity prices for Thursday, Jan. 20

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 681.41 million Turkish liras
20.01.2022 Electricity , Finance , Turkey

Oman and bp join forces for renewable energy and hydrogen development

- As part of agreement, bp will capture and evaluate solar and wind data from 8,000 square kilometers of land
20.01.2022 Finance , Renewable , Middle East-Africa

Euro. Investment Bank gives green loan for Polish onshore wind projects

- Green loan, covering 50% of total debt, is for construction and operation of six onshore wind farms
19.01.2022 Finance , Renewable , Europe

Turkiye's daily power consumption up 4.3% on Jan. 18

- Electricity exports amount to 14,557 megawatt-hours and imports total 16,373 megawatt-hours
19.01.2022 Electricity , Finance , Turkey

Swedish Vattenfall, Fred. Olsen Seawind win rights for floating offshore wind in Scotland

- Project, with expected capacity of up to 798 megawatts, will provide enough power for over 700,000 UK homes
19.01.2022 Finance , Wind , Europe

Trans Adriatic P/line transports 8.1 billion cubic meters of gas since launch 1 year ago

- Italy receives 6.8 billion cubic meters of gas along with delivery of 1.2 billion cubic meters to Greece and Bulgaria
14.01.2022 Natural Gas , Finance , Eurasia

Spot market electricity prices for Sunday, Jan. 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 667,85 million Turkish liras
09.01.2022 Electricity , Finance

Turkiye's daily power consumption down 0.42% on Jan. 7

- Electricity exports amount to 14,165 megawatt-hours and imports total 13,734 megawatt-hours
09.01.2022 Electricity , Finance , Turkey

Volatile energy markets force Uniper to seek financial aid

- Natural gas prices in Europe increase by over 900% since January reaching €187 per megawatt-hour on Dec. 21
06.01.2022 Natural Gas , Finance , Europe

Turkey's mining exports reach historic high of $5.9 billion in 2021

- Top export routes include China, the US, Spain, Bulgaria and Belgium, energy minister says
05.01.2022 Finance , Turkey

Turkey sees largest wind capacity increase in history in 2021

- Wind power additions account for half of overall electricity capacity increases last year
05.01.2022 Finance , Wind , Renewable

Turkey's energy import bill up 160.3% in November 2021

- Country's crude oil imports 15.7% up compared to November 2020
01.01.2022 Natural Gas , Oil , Finance , Turkey

Turkey's boron sales reach record $1 billion in 2021

- Turkey holds a share of 62% of sales in boron market globally
29.12.2021 Projects , Invesments , Turkey

Turkey's gas imports up 15.2% in October 2021

- Natural gas volume in Turkey's storage declines by 15.9% to around 2.74 billion cubic meters in October 2021
28.12.2021 Natural Gas , Finance , Turkey

Climate change driven extreme weather events displace over 1.3M people in 2021

- Most extreme weather events this year hit poorer nations which have little impact on climate change
28.12.2021 Finance

Turkey's daily power consumption down 10.4% on Dec. 26

- Electricity exports amount to 12,118 megawatt-hours and imports total 13,062 megawatt-hours
28.12.2021 Electricity , Finance , Turkey

Spot market electricity prices for Thursday, Dec. 23

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 589.03 million Turkish liras
22.12.2021 Electricity , Finance , Turkey

Spot market natural gas prices for Tuesday, Dec. 21

- 1,000 cubic meters of natural gas on spot market costs 6,923 Turkish liras
23.12.2021 Natural Gas , Finance , Turkey

Highlights of Turkish energy market in 2021

- New Black Sea gas discovery, booming renewable energy market and renewed climate efforts were some of many hot topics in 2021
24.12.2021 Electricity , Natural Gas , Oil , Renewable , Finance , Nuclear , Coal , Regulation , Energy Diplomacy , Turkey

Turkey's daily power consumption up 2.3% on Dec. 21

- Electricity exports amount to 9,005 megawatt-hours and imports total 10,512 megawatt-hours
23.12.2021 Electricity , Finance

Spot market natural gas prices for Saturday, Dec. 18

- 1,000 cubic meters of natural gas on spot market costs 6,923 Turkish liras
19.12.2021 Natural Gas , Finance , Turkey

Spot market electricity prices for Monday, Dec. 20

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 557.04 million Turkish liras
20.12.2021 Electricity , Finance , Turkey

Turkey's daily power consumption down 3.4% on Dec. 18

- Electricity exports amount to 12,055 megawatt-hours and imports total 10,123 megawatt-hours
20.12.2021 Electricity , Finance , Coal

World Bank's $300 million loan to boost Turkey's geothermal energy

- New loans will finance over 380 megawatts of new geothermal capacity, and mobilize about $555 million of private capital
22.12.2021 Finance , Geothermal/Biomass , Turkey

Spot market electricity prices for Saturday, Dec. 18

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 564.21 million Turkish liras
18.12.2021 Electricity , Finance , Turkey

Spot market natural gas prices for Thursday, Dec. 16

- 1,000 cubic meters of natural gas on spot market costs 6,739 Turkish liras
17.12.2021 Natural Gas , Finance , Turkey

Turkey's daily power consumption up 1.2% on Dec. 16

- Electricity exports amount to 9,982 megawatt-hours and imports total 9,850 megawatt-hours
17.12.2021 Electricity , Finance , Turkey

Turkey's daily power consumption up 1.4% on Dec. 15

- Electricity exports amount to 9,727 megawatt-hours and imports total 9,553 megawatt-hours
16.12.2021 Electricity , Finance , Turkey

Turkey on track for planned wind capacity additions in 2022

- Despite global pandemic, Turkey manages to continue investments for wind installations in last two years, Turkish Wind Energy Assoc. head confirms
16.12.2021 Finance , Wind , Renewable

Shell and QatarEnergy enter new partnership in Red Sea blocks

- Shell has operated Block 3 and Block 4 of the Egyptian Red Sea since late 2019
14.12.2021 Projects , International Relations , Middle East-Africa

Spot market natural gas prices for Sunday, Dec. 12

- 1,000 cubic meters of natural gas on spot market costs 6,369 Turkish liras
13.12.2021 Natural Gas , Finance , Turkey , General

Spot market natural gas prices for Friday, Dec. 10

- 1,000 cubic meters of natural gas on spot market costs 6,359 Turkish liras
12.12.2021 Natural Gas , Finance , Turkey
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