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

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      Global electricity generation from renewables and nuclear surpasses 41% in 2024

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

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      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

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      Türkiye says power system strong amid European blackout

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      Global carbon emission storage facilities double in 5 years

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      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

      Highlights of Türkiye's energy market in 2024

      Highlights of Türkiye's energy market in 2024

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      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

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      Spot market natural gas prices for Thursday, Jan. 5

      Turkish president announces more gas reserves found in Black Sea

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      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

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      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

      Cold winter drives gas price spikes, LNG inflows to Europe: Oxford

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      Türkiye's LPG production down 4.2% in January

      Türkiye's LPG production down 4.2% in January

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

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

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      US oil rig count up for week ending Dec. 8

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      Oil rebounds over US plans to refill emergency stockpiles

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

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

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

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

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      Chile launches largest solar plant with battery storage in Latin America

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      Hydropower's role expands amid soaring global electricity demand

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      China set to build world's largest dam in Tibet

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      Taiwan starts drilling of 1st deep geothermal well

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

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

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      Oil down with Fed inflation forecast, easing geopolitical tensions

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

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

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

      Libya Energy & Economic Summit 2024 to kick off in Tripoli

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      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

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

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

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      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
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      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
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      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

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Brussels Briefing, Feb. 19

home > Reports 19.02.2018 13:07

Finance ministers from EU member states, which use the euro as currency, will gather in Brussels on Monday for a Eurogroup meeting.

Participating ministers will be informed of progress achieved in implementing the remaining prior actions under the third review of Greece's economic adjustment program. Full implementation of prior actions is a precondition for the disbursement of the next tranche of financial assistance available under the European Stability Mechanism (ESM) program.

Ministers are expected to exchange views on how to bring forward the debate on the reform of the ESM.

The Eurogroup will also discuss the applications received for the upcoming vacancy of the Vice-President of the European Central Bank.

The Agriculture and Fisheries Council will gather in Brussels on Monday to exchange views on the Future of Food and Farming. Discussions will focus on direct support, environmental aspects, and rural development issues.

The Economic and Financial Affairs Council (ECOFIN), which consists of finance ministers from all EU member states, will meet in Brussels on Tuesday.

The Council will discuss establishing a comprehensive strategy on sustainable finance, on the basis of recommendations from a group of experts.

Ministers will also discuss issues related to the EU budget, namely the budgetary discharge for 2016 and guidelines for negotiations on the budget for 2019.

Depending on the outcome of the Eurogroup’s discussions the previous day, the Council may issue a recommendation on the nomination of a new vice-president of the European Central Bank.

The Environment and Public Health Committee will vote on a draft resolution calling on the Council and European Commission to achieve a global ban on cosmetics testing on animals on Tuesday. Such a ban is already in force in the EU, but around 80 percent of the world’s countries still allow animal testing and the marketing of cosmetics tested on animals.

 The Eurogroup’s new president Mario Centeno will appear before the Economic and Monetary Affairs Committee for his first public hearing in Parliament on Wednesday.

The first European Defense Industrial Development Program, with a budget of €500 million for 2019-2020, is up for a legislative vote in the Industry and Research Committee on Wednesday. EU financial assistance would cover the development of new and upgraded defense products and technologies in the EU.

Laws to empower consumers to generate and store electricity as well as manage consumption in an easier way, enhance cooperation between member states in the event of an energy crisis and open the electricity market to more competition will be voted on Wednesday by the Industry and Energy Committee. These proposals also aim to boost investments and ensure the security of electricity supply.

 The Economic and Monetary Affairs Committee will give its opinion on a proposal to create a single, clear and fair European corporate tax regime, dubbed the “Common Consolidated Corporate Tax Base” (CCCTB), which would also embrace digital firms on Wednesday. One major feature is to ensure that companies are taxed where their profits are generated, in a bid to crack down on profit shifting.

 MEPs will vote on a single set of rules to ensure consumers obtain the remedies they are entitled to if they purchase a faulty product on Thursday. The draft rules harmonize certain contractual rights and would apply to both online and offline (face-to-face) sales of goods, e.g., whether a consumer buys household appliances, toys or computers via the internet or over the counter in his/her local store.

 Budget Committee MEPs will put forward proposals to reform the EU long-term budget post-2020 (multi-annual financial framework or MFF) and the European Union’s system of own resources on Thursday. 

EU leaders from 27 member states will meet informally in Brussels on Friday to discuss institutional issues, including the European Parliament's composition after the 2019 elections and possible transnational lists and how the EU appoints top positions, including the so-called “Spitzenkandidaten” (German for candidate).

The heads of state or government will also debate the political priorities of the multiannual financial framework (MFF) after 2020, the EU's long-term budget.


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