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

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

      UN watchdog confirms no increase in radiation levels following Israeli strikes on Iran’s Natanz nuclear site

      UN watchdog confirms no increase in radiation levels following Israeli strikes on Iran’s Natanz nuclear site

      UK pledges £14.2 billion to support construction of Sizewell C nuclear power plant

      UK pledges £14.2 billion to support construction of Sizewell C nuclear power plant

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

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

    • 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
      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

      Highlights of Türkiye's energy market in 2024

      Highlights of Türkiye's energy market in 2024

  • Natural Gas
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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

      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
      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

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

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

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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

      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

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      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

      Oil rebounds over US plans to refill emergency stockpiles

      Oil rebounds over US plans to refill emergency stockpiles

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      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

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      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
      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

      Chile launches largest solar plant with battery storage in Latin America

      Chile launches largest solar plant with battery storage in Latin America

    • Hydro
      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

      China set to build world's largest dam in Tibet

      China set to build world's largest dam in Tibet

      TotalEnergies expands renewables portfolio with hydropower deals across Africa

      TotalEnergies expands renewables portfolio with hydropower deals across Africa

    • 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
    • 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

      Oil down with Fed inflation forecast, easing geopolitical tensions

      Oil down with Fed inflation forecast, easing geopolitical tensions

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

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

  • 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

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Brussels Briefing, May 21

home > Reports 21.05.2018 11:45

European Parliament’s Conference of Presidents (President and political group leaders) will meet Facebook founder and CEO Mark Zuckerberg on Tuesday to discuss the use of personal data of millions of Facebook EU users. After the meeting, EP President Antonio Tajani will brief the media on the discussions. 

Foreign Affairs Council will meet on Tuesday to discuss trade and development issues. The Council is expected to adopt a decision recommending the opening of negotiations on free trade agreements with Australia and New Zealand, as well as the respective negotiating mandates for the European Commission.

Trade agreements with both countries would primarily aim at further reducing existing barriers to trade, removing customs duties on goods and giving better access to services and public procurement in Australia and New Zealand.

Ministers are also due to adopt conclusions on the new architecture and methodology for the negotiation of EU trade agreements. The conclusions tackle in particular the issue of splitting trade provisions related to investment and other areas into separate agreements.

Trade ministers will hold an exchange of views on the trade agreements with Japan and Singapore. The European Commission presented the outcome of negotiations for the two trade agreements in April 2018, in view of their signature and conclusion.

Ministers will also discuss recent developments in EU-U.S. trade relations.

This is in light of the expiry - on June 1 - of the exemptions granted to the EU by the U.S. administration regarding the new tariffs it seeks to impose on steel and aluminum.

The Council will hold an exchange of views on the EU emergency trust fund for Africa (EUTF). Ministers will touch upon the foreign aid budget for the 2021-2027 period, on the basis of the European Commission proposals for the future multiannual financial framework

Education, Youth, Culture and Sports Council will meet in Brussels on Tuesday and Wednesday. Ministers will hold a policy debate on the potential of universities for regional growth and to promote entrepreneurial and innovative skills. Education ministers are due to adopt conclusions on moving towards a vision of a European education area. The Council will discuss the future priorities for the EU youth policy. The Council will have a policy debate on a long-term vision for the contribution of culture to the EU after 2020.

A special press event with EP President Antonio Tajani will take place on Wednesday. It will mark the start of the 365-day countdown to the next European elections, taking place on May 23-26, 2019.

Budgets Commissioner Gunther Oettinger will present the draft annual EU budget for 2019 to the Budgets Committee on Wednesday. MEPs’ priorities are

growth, innovation, competitiveness, security, fighting climate change, the transition to renewable energy and migration.

Updated EU-wide principles for road charging that aim to boost cleaner road transport and ensure fair treatment of road users, will be up for a vote in the

Transport Committee on Thursday. They include a proposal to progressively introduce only distance-based tolls, instead of time-based ones. These rules will apply when an EU country already has, or decides to introduce, charges for road transport.

The Euro Group will meet on Thursday in Brussels.

Economic and Financial Affairs Council will gather in Brussels on Friday.

Ministers will be called on to agree on measures aimed at reducing risks in the banking industry, strengthening rules on capital requirements and on the recovery and resolution of banks in difficulty.

They will also assess 'in-depth reviews' of macroeconomic imbalances, and discuss projections for age-related expenditure in the member states. 

The Council is expected to approve measures to boost administrative cooperation in the area of VAT. It may be called on to agree on two other VAT proposals: reduced rates for e-publications and an optional reversal of liability to prevent fraud.

Ministers are expected to make adjustments to the EU's list of non-cooperative jurisdictions in taxation matters, and to approve a standard provision on taxation to be included in agreements with third countries. 

The Council is also expected to adopt directives making permanent the minimum standard rate of VAT currently in force, and boosting transparency regarding tax intermediaries. 

The EU General Data Protection Regulation (GDPR) enters into force on Friday, May 25.


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