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      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

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

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      Vilnius unveils emergency evacuation plan amid military and nuclear threat concerns

      Russia, Ukraine accuse each other of disrupting IAEA rotation at Zaporizhzhia plant

      Russia, Ukraine accuse each other of disrupting IAEA rotation at Zaporizhzhia plant

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      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

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      Türkiye's daily power consumption up 16.7% on May 22

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      Türkiye's daily power consumption increases 1.2% on May 10

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      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

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      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

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      Turkish president announces more gas reserves found in Black Sea

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      Spot market natural gas prices for Thursday, April 17

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      Türkiye's natural gas imports up 17.7% in October

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      Costs double as oil and gas discoveries decline in global markets

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      Global gas production to increase by around 32% by 2050

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      Global LNG exports rise 3.1% in 1st quarter on soaring EU demand

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

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      Türkiye's LPG production down 4.2% in January

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      Utilisation of EU LNG terminal plunges to 42% in 2024

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

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      Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

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      US crude oil inventories down 1% for week ending Dec. 8

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      US oil rig count up for week ending Dec. 8

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      US oil rig count down by 6 for week ending June 28

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      Oil dives as weak US inflation data dashes hopes for interest rate cuts

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      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

      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

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      Oil prices rise in week ending Aug.30 amid falling US inventories

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      Global wind power capacity sees record growth in 2024

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

      Türkiye showcases its wind energy potential at WindEurope 2025 in Copenhagen

      Türkiye showcases its wind energy potential at WindEurope 2025 in Copenhagen

      Türkiye's wind energy sector poised for steady growth: head of Turkish Wind Energy Assoc.

      Türkiye's wind energy sector poised for steady growth: head of Turkish Wind Energy Assoc.

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      Chile launches largest solar plant with battery storage in Latin America

      Chile launches largest solar plant with battery storage in Latin America

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      Türkiye's daily solar power generation hits highest level of year

      China set to surpass 50% of global solar capacity in 2025

      China set to surpass 50% of global solar capacity in 2025

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

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

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      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

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      TotalEnergies expands renewables portfolio with hydropower deals across Africa

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      Türkiye leads Europe with highest rise in hydropower capacity last year

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      Highlights of Türkiye's energy market in 2024

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      Climate crisis to push 150M more Africans into poverty by 2050, experts warn

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      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

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      Deflationary trend continues in consumer, producer prices in China

      Spot market natural gas prices for Saturday, May 31

      Spot market natural gas prices for Saturday, May 31

      Pakistan plans to allocate 2,000 megawatts of electricity for Bitcoin mining, AI data centers

      Pakistan plans to allocate 2,000 megawatts of electricity for Bitcoin mining, AI data centers

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      Spot market electricity prices for Tuesday, May 20

      Aramco posts 4.8% drop in Q1 net income amid lower oil prices

      Aramco posts 4.8% drop in Q1 net income amid lower oil prices

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      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

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      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

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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

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      UK vows energy cooperation with US despite climate policy rift: Energy minister

      UK vows energy cooperation with US despite climate policy rift: Energy minister

      Türkiye's wind, solar energy share in installed electricity capacity reaches 30% in Q125

      Türkiye's wind, solar energy share in installed electricity capacity reaches 30% in Q125

      Türkiye's renewable share in electricity capacity rises to 60%

      Türkiye's renewable share in electricity capacity rises to 60%

      Global leaders of energy sector to convene at İstanbul Energy Forum

      Global leaders of energy sector to convene at İstanbul Energy Forum

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      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
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      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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London briefing, May 11

home > Reports 11.05.2020 13:24


-UK government’s exit strategy is still vague

British Prime Minister Boris Johnson announced on Sunday the nationwide lockdown would continue, but small adjustments would be made for “the first careful steps” to reopening the country and the economy.  In a pre-recorded message from Wednesday, Johnson said the government will “encourage people to take more and even unlimited amounts of outdoor exercise” as long as they stay in their household groups and maintain social distancing from others. Fines will be increased for those who break the rules.

“You can sit in the sun in your local park, you can drive to other destinations, you can even play sports but only with members of your own household,” he said.

He also said he hoped to see nurseries and schools open by June, and some shops, restaurants, and cafes by July. He also confirmed those coming into the UK by air would have to be quarantined for two weeks.

However, there are still many unknowns especially for businesses regarding the possibility of them benefiting from the furlough scheme if the lockdown continues, and the type of extra support that will be provided.

Regarding the economy, Johnson called on those who can work from home to continue to do so but he “actively encouraged” those who are not able to, such as workers in the construction and manufacturing sector, to go to work.

“You should avoid public transport if at all possible because we must and will maintain social distancing, and capacity will therefore be limited,” he added.

However, this recommendation is destined to prove difficult for construction and manufacturing workers in getting to work without using public transportation.

The old slogan of “stay at home, protect the NHS, and save lives” has been replaced with a new one: “Stay alert, control the virus, and save lives.”

However, Scotland, Wales and Northern Ireland reject Johnson’s ‘stay alert’ advice in favor of ‘stay at home’.

First Minister Nicola Sturgeon, who said she had first heard of the slogan in the Sunday newspapers, said the "clear message" to Scotland was still to “stay home" due to the critical point the country is at.

She tweeted: “The Sunday papers is the first I’ve seen of the PM’s new slogan.

Not sure how effective the measures would be while a united strategy is not achieved yet within United Kingdom.”

The death toll in the country rose to 31,855 as of Sunday evening, as 269 more patients died over the past 24 hours.

The Bank of England last Thursday had predicted the worst economic crash since the Great Frost of 1709. The UK economy could shrink by 14% in 2020, the biggest annual contraction since a decline of 15% in 1706 and 13% in 1709.  While the country is bracing for one of the worst economic crises, businesses must know how to prepare for exiting the lockdown. Johnson’s televised statement on Sunday evening is still far from presenting a road map for the whole UK.


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