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Turkey to explore metallic minerals in Uzbekistan

- Final agreement for a 700-kilometer square mine site will be soon signed, deputy energy minister says

04.01.2019 Invesments , Turkey

Turkey: Manufacturing PMI at 44.2 in December

- Slowdown in output, new orders milder than in previous month, closely watched business survey shows

02.01.2019 Invesments , Turkey

US energy expenditures decline for fifth year: EIA

- Lower energy prices push expenditure down as total energy consumption remains virtually unchanged

28.12.2018 Electricity , Invesments , Americas

STAR Refinery to market initial products in January

- Facility will help decrease Turkey's current account deficit by $1.5 billion per year

28.12.2018 Refining/Petro Chemistry , Invesments

Turkish industrial capacity usage 74.1-pct in Dec.

- Capacity utilization rate of manufacturing industry stays unchanged versus previous month, Turkey's Central Bank says

26.12.2018 Invesments , Turkey , General

Qatar Petroleum to invest $20 billion in US

- "We think the US has a huge potential in production going forward," Qatari official says

18.12.2018 Lng/Lpg , Invesments , Americas , Middle East-Africa

Oil, gas firms ready for low prices in 2019: WoodMac

- "Portfolios are set to weather low prices," a WoodMackenzie expert says

18.12.2018 Lng/Lpg , Upstream , Invesments , Americas

Turkish FM criticizes 'unacceptable' sanctions on Qatar

- Qatar is becoming more self-sufficient every passing day by taking steps to diversify its economy, says Mevlut Cavusoglu

16.12.2018 Natural Gas , Invesments , Turkey

EBRD stops financing coal-related energy projects

- European development bank puts decarbonization at center of its new energy strategy for next five years

14.12.2018 Renewable , Finance , Projects , Invesments , World , General

Finnish Neste to invest $1.6B in Singapore production

- Investment will extend Neste’s renewable product overall capacity in Singapore by up to 1.3 million tons per annum

12.12.2018 Oil , Invesments , Asia , General

Siemens Gamesa, Enel Russia sign 201 MW wind deal

-Siemens Gamesa will supply 57 of its Siemens Gamesa 3.X platform turbines to the Kola wind farm

13.12.2018 Finance , Wind , Invesments , Eurasia , General

US oil majors raise oil production outlook for 2019

- ConocoPhillips and Hess forecast production of more oil next year, while keeping their budgets flat

12.12.2018 Upstream , Invesments , Americas

$1.2B investment for polypropylene facility in Turkey

- When operational, new polypropylene production facility in Adana will decrease Turkey's polypropylene imports

30.11.2018 Oil , Invesments , Turkey , Middle East-Africa , General

EU's renewable targets on track for decarbonization

- European Commission calls for net-zero greenhouse gas emissions by 2050 in its new decarbonization strategy

29.11.2018 Finance , Invesments , Renewable , International Organization , General

Orsted to invest $30.2B in green energy by 2025

- Danish offshore wind giant sets new, ambitious targets including installed offshore wind capacity of over 30 GW by 2030

29.11.2018 Wind , Invesments , News from companies , Europe

General Motors to close five North America factories

- Company to also cut salaried workforce by 15 percent

27.11.2018 Invesments

Turkey, Sudan sign range of bilateral agreements

- Agreements are signed during visit to Khartoum by Turkish Vice President Fuat Oktay

21.11.2018 Invesments , International Relations

Russia grants €3B for corridor project:Iranian minister

- International North-South Transport Corridor to link India, Russia, Iran, Europe and Central Asia

21.11.2018 Invesments , Middle East-Africa

Norway's Equinor to invest in reducing carbon footprint

- Equinor is prepared to pay for the protection of tropical forests

21.11.2018 Invesments , Europe , General

Turkish firm to lay 750 km power line in Afghanistan

- $1.6 billion project to supply 1000 MW of electricity each to Afghanistan, Pakistan

08.11.2018 Electricity , Invesments , Turkey , Asia

South Africa joins International Energy Agency family

- South Africa is the first sub-Saharan African country to institutionalize its engagement with the IEA

07.11.2018 Invesments , International Organization , Middle East-Africa , General

Pakistan, China agree to trade in yuan

- Move would help both countries get rid of US dollar in bilateral trade, including for China-Pakistan Economic Corridor

06.11.2018 Invesments , Asia

EBRD completely closes door on coal financing

- We are very clear in our new five-year strategy that we will no longer support coal, says EBRD managing director

03.11.2018 Coal , Invesments

Istanbul Airport, 'world's new hub,' officially opened

- President Erdogan says Istanbul Airport to be model to world with its architecture, construction, operation, and financing

30.10.2018 Finance , Projects , Invesments , Turkey

Ankara, Berlin ink joint economic, trade committee deal

- Agreement aims to boost bilateral trade, investments, and cooperation in the field of industry, energy and tourism.

26.10.2018 Finance , Invesments , Turkey , Europe , General

Turkish-Senegalese trade deal under fire

- Some of President Macky Sall's rivals in next year's polls urge cancellation of deal with Turkish firm

26.10.2018 Finance , Invesments , Turkey , Middle East-Africa , General

German offshore wind farm Arkona built in 'record' time

- The 385 MW wind farm located 35 km north of Rugen Island plans to power around 400,000 households in the region

25.10.2018 Wind , Invesments , Europe , General

Upstream players must spend more to meet future demand

- New research shows investment in oil and gas needs to increase by 20 percent to sustain growth into next decade

25.10.2018 Natural Gas , Oil , Invesments , General

Turkish state energy companies to invest $1.5B in 2019

- Eight energy companies will make investments totaling 8.40 billion Turkish liras

18.10.2018 Invesments , Turkey , General

Turkey, Romania agree to increase trade to $10 billion

- President Erdogan says Ankara continues to support investments in Romania, where over 15,000 Turkish firms are active

16.10.2018 Invesments

Branson halts Saudi business talks over Khashoggi case

- UK billionaire suspends discussions with Saudi government on $1 billion investment after Jamal Khashoggi’s disappearance

12.10.2018 Invesments , Europe , Americas , Middle East-Africa

Turkey opens up 7 coalfields to private investors

- Production area of 203 million tons of coal will generate $3.5 billion in public revenue, says Turkish Energy Minister

12.10.2018 Coal , Invesments , Turkey

Equinor cuts $3.6 bln. off project investment estimates

- Decrease is mainly a result of increased drilling efficiency, simplification and high-quality project implementation, says official

09.10.2018 Invesments , Europe , General

Industry needed to escape middle-income trap: Economist

- Nations can only be successful with effective industrial policies, says Istanbul University economist Murat Yulek

09.10.2018 Invesments , General

Carmaker Oyak Renault to build new factory in Turkey

- For first time aluminum engines will be made in Turkey, says Turkish technology minister

05.10.2018 Invesments , Turkey , General

Time for new investment in Turkish energy: SOCAR Turkey

- New partnerships will allow Turkish firms to overcome hardships while availing of investment opportunities: SOCAR Turkey CEO

05.10.2018 Solar , Invesments , Turkey

Vattenfall to provide climate-smart energy in France

- Vattenfall will now offer retail customers climate-smart electricity and gas supplies at competitive prices

02.10.2018 Finance , Invesments , Renewable , General

Ronesans Holding inks deal for Ceyhan industrial zone

- Ronesans Holding partners with Port of Rotterdam to develop petrochemicals in Ceyhan Mega Petrochemical Industrial Zone

21.09.2018 Invesments , Turkey , Europe

Global poverty falls to record low: World Bank

- Extreme poverty under 9 percent in 2018, according to preliminary forecast

20.09.2018 Invesments , World , General

Erdogan meets representatives of US companies in Turkey

- Strategic cooperation with US will be further strengthened via investment, trade despite ups and downs, president says

20.09.2018 Finance , Invesments , Turkey , Americas

OMW joins Dow Jones Sustainability Index

- Oil and gas company OMV is the only Austrian company to join the Down Jones Sustainability Index

20.09.2018 Natural Gas , Oil , Finance , Invesments , General

UK hits 20 gigawatts of wind generation capacity

- Opening of Orsted’s 659 MW Walney Extension off coast of Cumbria in September pushes total capacity over 20-gigawatt mark

19.09.2018 Wind , Invesments , Europe , General

Chinese tech giant Xiaomi opens store in Istanbul

- Over 160 Xiaomi products including smartphones, accessories, computers and home devices are sold at store

17.09.2018 Invesments , Turkey , Asia

Austria's OMV partners with Malaysia's Sapura Energy

- The partnership is expected to develop OMV’s activities in South East Asia, OMV says

13.09.2018 Invesments , Europe , Asia

EBRD loans $102 million to Turkey’s Akfen Renewables

- The new financing demonstrates the EBRD’s commitment to the Turkish economy, the bank says

12.09.2018 Renewable , Finance , Invesments , Turkey

Turkerler to invest up to $1B. in Manisa's geothermal

- Turkey's Turkerler conglomerate to create 248 megawatts of geothermal energy capacity in Aegean city of Manisa

07.09.2018 Geothermal/Biomass , Invesments

SOCAR, Uniper to partner in energy efficiency projects

- The two companies sign an agreement in Baku during Angela Merkel’s trip to Azerbaijan on Saturday

28.08.2018 Natural Gas , Oil , Invesments , Europe , Eurasia

Enel starts construction of 34 MW solar plant in Zambia

- The company plans to invest $40 million for its first power plant project in southern Zambia

24.08.2018 Solar , Invesments , Middle East-Africa

China investing heavily in European wind

- Asian superpower invested $6.8 billion in Europe from 2011 to 2017, according to recent IEEFA report

22.08.2018 Wind , Invesments , Europe , Asia , General

UK billionaire to invest $1B in Australia's renewables

- UK Industrialist will invest in Cultana Solar Project with 780,000 solar panels to generate electricity for 96,000 homes

16.08.2018 Invesments , Renewable , Asia , General

Turkish Tekfen, Saudi Aramco sign $590M agreement

- Company to build pipelines for giant energy plant in eastern Saudi Arabia

01.08.2018 Invesments , Turkey , Middle East-Africa

BP to acquire BHP’s onshore assets in US for $10.5 bln.

- Under agreement terms, BP will acquire entire interest in Permian, Eagle Ford and Haynesville onshore oil and gas assets

27.07.2018 Invesments , Europe , Americas , General

Iberian peninsula to better integrate in EU energy mkt.

- EU aims to end energy isolation of this part of Europe via talks and agreements at Lisbon Summit, European Commission says

27.07.2018 Invesments , Energy Diplomacy , Europe

Chinese bank to loan $3.6 billion to Turkey

- Loan to be used by private sector, public institutions and banks, says Turkish ministar

28.07.2018 Invesments , Turkey , Asia

Europe adds 4.5 GW of wind energy in first half of 2018

- Germany, France and Denmark drive 3.3 gigawatts of onshore wind in first half of 2018, WindEurope says

26.07.2018 Finance , Wind , Invesments , Energy Projects , General

30 MW solar energy plant to be built in Turkey's Van

- Turkey's Akfen will invest $55 million in 30 MW solar energy power plant in Van to supply power to 30 thousand households

26.07.2018 Solar , Invesments , Turkey , General

European bank EBRD loans nearly $30M to Turkish firm

- Loan to support leasing finance for energy efficiency investments of Turkey's small and medium-sized enterprises

25.07.2018 Renewable , Invesments , Europe

Africa becomes fossil-fueled thanks to 'rich' investors

- Nearly 60 percent of investments in Africa from 2014 through 2016 went to support fossil fuel development

23.07.2018 Invesments , Middle East-Africa , General

Turkey privatizes Tortum hydro plant in Erzurum

- Tayfurlar Energy Electricity Production Corp. wins privatization tender for plant in Turkey's eastern Anatolia region

21.07.2018 Hydro , Invesments , Turkey

EIB loans €24 million for 2 wind farms in Greece

-European Investment Bank signs €24 million loan with Terna Energy to support construction, operation of two farms in north

19.07.2018 Wind , Projects , Invesments , Europe

BMW Group to produce Mini electric cars in China

- German company forms joint venture with Chinese manufacturer Great Wall Motor to produce EV version of Mini

12.07.2018 Electricity , Invesments , Europe , Asia

Tesla's supercharger global network up 72% since 2017

- The automaker currently has 1,320 superchargers worldwide

06.07.2018 Electricity , Invesments , World , Turkey , Europe , Asia , Americas

EBRD agrees up to €500M loan for Trans Adriatic P/line

- As final part of Southern Gas Corridor, TAP will deliver 10 billion cubic meters of Caspian gas to Europe

05.07.2018 Natural Gas , Invesments

Sonatrach plans to boost gas by 50% with Er-Rar invest.

- Algerian company invests 64 billion dinars ($540 million) for Er-Rar field development in southeastern part of country

04.07.2018 Natural Gas , Invesments , Middle East-Africa

BP begins Shah Deniz 2 development in Azerbaijan

-BP and partners will start Shah Deniz 2 gas development in Azerbaijan, including first commercial gas delivery to Turkey

03.07.2018 Natural Gas , Invesments , World , Europe , Eurasia , General

Turkey's energy import bill up 26 percent in May

-Country's total imports cost nearly $22.65 billion, with energy accounting for 16.24 percent, TurkStat data reveals

30.06.2018 Invesments , Energy Diplomacy , Turkey

EIB loans €420M to Fiat for electrification technology

-Four-year loan from European Investment Bank to support company's R&D projects till 2020

29.06.2018 Electricity , Invesments , Europe

BP to acquire UK's largest EV charging company

-Deal with Chargemaster important step towards offering 'ultra-fast' charging at BP sites across UK, company says

28.06.2018 Electricity , Invesments , Europe

Turkey to receive $1.2B loan for gas storage project

-World Bank, Asian Infrastructure Investment Bank to loan $1.2 billion for Tuz Golu underground gas storage plant, min. says

28.06.2018 Natural Gas , Invesments , Turkey , General

EIB, SaarLB ink €70M guarantee agreement for renewables

-The European Investment Bank to support German Landesbank Saar's renewable energy projects in France and Germany

26.06.2018 Invesments , Renewable , Europe , General

US to collaborate with New Zealand on geothermal energy

-US Dept. of Energy, New Zealand's Ministry of Business, Innovation and Employment agree to advance geothermal technologies

26.06.2018 Geothermal/Biomass , Invesments , Renewable , General

Eni makes new oil discovery offshore Angola

-Italian energy company estimates discovery to contain between 230 and 300 million barrels of light oil in place

26.06.2018 Oil , Finance , Invesments , Europe , General

OPEC seeks to avoid volatility in oil markets

-Market rebalancing and return of more stability welcomed by all stakeholders, according to OPEC Conference president

23.06.2018 Oil , Finance , Invesments , Americas , General

Danish Orsted wins Taiwan's 1st offshore wind auction

- Company to install 1,820 megawatts capacity in 2025

22.06.2018 Wind , Invesments , Asia , General

Proparco to loan €25M for renewable projects in Turkey

- French development bank committed €750 million over the past 10 years in Turkey

21.06.2018 Renewable , Finance , Invesments , Turkey , Europe

IFC invests to boost loans for Turkish businesswomen

- Investment is first private sector gender bond in emerging markets dedicated to financing companies owned by women

14.06.2018 Invesments

Finnish Fortum to sell 10% in Norwegian hydropower firm

- The deal is expected to close this month

13.06.2018 Hydro , Invesments , Europe , General

EU to fund €500M for cross-border energy infrastructure

- The call for proposals under the Connecting Europe Facility will be open until Oct. 11

12.06.2018 Invesments , Europe

US selects awardees for $6.7M in marine energy funding

- US Energy Department will fund $6.7 million for six projects to support development of innovative marine technologies

12.06.2018 Finance , Invesments , Renewable , Americas , General

Turkey attracts $2.2B in investments in first quarter

- Based on country's economic performance in past 15 years, investors trust Turkey, head of investment agency says

07.06.2018 Invesments , Energy Projects , World , Turkey , General

25% of all EU expenditure to be spent on climate goals

- Spending will increase for clean energy transition in the period 2021-2027, EU Commissioner says

05.06.2018 Renewable , Finance , Invesments , Europe

SOCAR Turkey to build 2nd petrochem. facility in Izmir

- New facility to largely focus on Turkish market, Petkim general manager says

05.06.2018 Invesments , Turkey

Turkey's Zorlu Energy seals $330 million financing

- Loan is from international institutions EBRD, IFC and FMO as well as local banks

03.06.2018 Invesments , Europe

British Milk & More goes electric with 200 new milkvans

- The UK business purchases 200 electric vehicles from StreetScooter, a subsidiary of Deutsche Post

29.05.2018 Finance , Invesments , Europe

Borusan EnBW, Vestas to coop. for Turkish wind turbines

- Borusan EnBW and Vestas agree wind tender purchase for Borusan EnBW's projects in Turkey

29.05.2018 Wind , Projects , Invesments , Turkey , General

US to provide $72 million to develep new solar tech.

- US will provide $72 million for high-temperature Concentrating Solar Power technologies

18.05.2018 Finance , Invesments , Renewable , Americas , General

Wintershall submits $1.22B plan for Norway's Nova field

- This is the first plan submitted in 2018 for the Norwegian Continental Shelf

16.05.2018 Oil , Invesments , Europe , General

Total to buy 25% stake in US’ Clean Energy

-French oil giant to become company’s largest stockholder, and drive deployment of natural gas heavy-duty trucks

11.05.2018 Natural Gas , Invesments , News from companies , Americas

Renewable energy jobs reach 10.3 mln. globally in 2017

- Renewable energy sector adds half a million jobs, boosted by strong growth in Asia last year

09.05.2018 Invesments , Renewable , World , Asia , Americas , General

Turkey privatizes Tohma hydro plant in Malatya

- ERG Construction Trade and Industry Co. wins privatization tender for hydro plant in Turkey's east-central city of Malatya

07.05.2018 Invesments , Turkey

Brexit: Government faces 7th defeat in parliament

Cross-party amendment on EU withdrawal bill passed by majority in House of Lords

01.05.2018 Invesments , Europe , General

US is open for new nuclear accord with Iran: Trump

- Current agreement is not approved by too many people, President Donald Trump says

01.05.2018 Invesments , Americas , Middle East-Africa , General

Erdogan: Canal Istanbul post-election priority

- Turkish president says Istanbul's artificial waterway to be first initiative of new government after June 24 early elections

30.04.2018 Projects , Invesments , Turkey

Turkey needs 35b. Turkish liras budget for smart grids

- To upgrade electricity meters, 21 billion Turkish liras is required, while 14 billion liras is needed for gas meters

26.04.2018 Finance , Invesments , Turkey

Denmark aims to build country's largest wind park

- Denmark aims to build large offshore wind park to power the seven biggest cities in the country

25.04.2018 Finance , Wind , Invesments , Renewable , Europe , General

Turkey-Bulgaria gas project boosts trade opportunities

- Turkey-Bulgaria Gas Interconnection Proj. will allow better energy interconnectivity & supply security: Bulgaria' Dep. Min.

26.04.2018 Natural Gas , Invesments , Energy Diplomacy , Energy Security , International Relations , Turkey , Europe

Asian Dev. Bank gives more than $32B to Asia in 2017

- Bank increases operations in Asia to respond to rapid urbanization, climate change, and growing demand for water and energy

25.04.2018 Invesments , Energy Diplomacy , International Organization , Asia

US to invest $14.5 mln. to advance geothermal drilling

- U.S. Department of Energy to give $14.5 million funding for innovative, geothermal research and development

25.04.2018 Renewable , Geothermal/Biomass , Invesments , Americas , General

Global investors praise Turkish reforms: Deputy PM

- Deputy Prime Minister Mehmet Simsek says reform package to improve Turkey's investment climate shines out as first class

21.04.2018 Invesments , Turkey

Russia-Turkey investment fund to enhance bilateral ties

- Fund focuses on projects that strengthen trade, economic and investment ties between Russia and Turkey

23.04.2018 Invesments , Turkey , Eurasia

Oil majors' renewables investments rising: Fitch

- Reasons behind rising investments are use of electric cars, pressure for cleaner energy and lower-carbon future

24.04.2018 Renewable , Invesments , Europe , Americas

Eni to invest €7 billion in Italy over next four years

- CEO Claudio Descalzi presents the company’s 2018-2021 Strategic Plan to the Italian financial community

20.04.2018 Natural Gas , Solar , Invesments , Renewable , Europe , General

Europe sees 19% drop in wind farm investments

- Final investment decisions for wind projects in 2018 estimated at over €23 billion

24.04.2018 Wind , Invesments , Europe

Ethiopia: Turkish business group urges free trade pact

- We want to boost Turkish trade and investment in Africa in general and Ethiopia in particular, says Turkish ambassador

15.04.2018 Finance , Invesments , Turkey , Middle East-Africa

Turkey privatizes Dinar-2 hydro plant in Afyonkarahisar

- Ozce Mining Co. wins privatization tender for hydro plant in western Turkey

13.04.2018 Hydro , Invesments , Turkey

Russia, Serbia sign agreement on nuclear cooperation

Hitachi halts work on UK nuclear plant over financing

Russia supplies fuel units for Egypt's research reactor

Russia to supply fuel for China's fast-neutron reactor

China's coal output up 5.2 pct in September

Asian Dev. Bank to loan $500M to Bangladesh power plant

China’s coal production up 4 percent in April

Turkey's electricity consumption grows 6% in October

Turkey breaks local coal production record in 2018

China: Coal mine collapse kills 21 workers

Asia, Africa, Middle East drive global energy growth

US coal production rises quarterly in 3Q18: EIA

Eni’s Var Energi awarded 13 oil, gas licenses in Norway

Shell completes sale of New Zealand entities

Petrofac secures Ithaca build, commissioning deal

Eni gets approval for Merakes Dev. Project in Indonesia

‘Ankara to always protect Turkish Cypriots’ rights’

Total, ADNOC to explore gas in Abu Dhabi

Osaka to acquire 35pct stake in US shale gas project

UK announces new measures to back shale gas exploration

Renewables & gas to lead new US power capacity in 2019

Massive ship-to-ship LNG transfer starts in Turkey

Brent oil trades above $61 for week ending Dec. 14

Turkey can gain more than transit money from TurkStream

Petrofac secures engineering contract in Brunei

US Corpus Christi's second LNG cargo arrives in UK

Nigerian LNG vessel to arrive in Turkey on Jan. 15

Massive ship-to-ship LNG transfer starts in Turkey

Eni’s Var Energi awarded 13 oil, gas licenses in Norway

Global oil supply falls in December '18

Iraq’s oil production doubles in decade: EIA

US oil rig count shows decrease this week

Turkey's crude oil imports down by 11.2 percent in Oct.

Saudi Aramco enters fuel retail business

Brent oil trades around $53 for week ending Dec. 21

MEDREG can play 'crucial' role in Med energy sector

US crude stocks fall, but production sees slight rise

Pakistan, S. Arabia to ink oil refinery deal next month

BP to expand its petrochemical presence in South Korea

Shell starts production at new petrochem unit in US

US' retail gasoline price ends 2018 lower

Trump touts low gas prices and forecasts more declines

‘Yellow vest’ protests grow violent in France

Israel bans fuel shipments into Gaza

Turkey drafts regulation on electricity storage

Enel to sell 540 MW of renewable capacity in Brazil

Siemens G. launches its largest offshore wind turbine

Curb on steel imports could hinder EU's renewable aims

Turkey drafts regulation on electricity storage

Enel to sell 540 MW of renewable capacity in Brazil

Asia-Pacific will remain leader in solar PV by 2025

Neoen starts operation at Australia’s largest PV plant

Asia, Africa, Middle East drive global energy growth

French company to supply turbines for Nile hydro-dam

Norway produces 94.2% of electricity from hydro in Oct.

Hydropower major source of Norway's electricity in Sept

Turkey drafts regulation on electricity storage

Turkey can cut 20% gas imports via district heating

Turkerler to invest up to $1B. in Manisa's geothermal

US funds $4.45M for geothermal zonal isolation research

Turkish firm exports custom design vehicles to world

Exxon, IBM to research quantum computing for energy

Sadr’s bloc slams presence of US troops in Baghdad

Turkey improves border security with smart system

Landmark Canakkale bridge to be completed in 2022

Turkey no. 2 country setting up firms in Uzbekistan

Trans Adriatic Pipeline completes financing of €3.9 bln

German strike grounds 600 flights affecting thousands

Enel launches €1 billion new green bond in Europe

Morgan Stanley lowers oil price forecast for 2019

Goldman Sachs lowers oil price forecast for 2019

Oil prices post first annual drop last year since 2015

US Supreme Court rejects ExxonMobil bid to block probe

Chevron gets approval for project in UK's North Sea

'Yellow vest' protests spread to Netherlands

Tiny Pacific nation plans to sue oil majors for climate

US coal consumption in 2018 set to be lowest in 39 yrs.

Turkey's electricity consumption down 2.2% in Nov.

US plans to end electric car, renewable subsidies

MEDREG can play 'crucial' role in Med energy sector