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Margun Enerji buys $16M geothermal power plant in western Türkiye

- Seferihisar plant increases company's total installed capacity to 330 megawatts

24.03.2025 Renewable

Spot market electricity prices for Tuesday, March 25

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.61 billion Turkish liras

24.03.2025 Electricity

Spot market natural gas prices for Sunday, March 23

- 1,000 cubic meters of natural gas on spot market costs 12,350 Turkish liras

24.03.2025 Natural Gas

Growth in global energy demand surged in 2024: IEA

- Global energy demand grows by 2.2%, outpacing 1.3% annual average from 2013 to 2023, according to Paris-based energy watchdog

24.03.2025 analysis General

Türkiye's daily power consumption down 11.7% on March 23

- Electricity exports amount to 12,666 megawatt-hours and imports total 3,378 megawatt-hours

24.03.2025 Electricity

Europe must modernize grid, boost distribution investments to €67B: Eurelectric

- Expert says European grids are over 40 years old and require modernization of outdated infrastructure to ensure a resilient 21st-century electricity system

04.03.2025 Electricity

Enerjisa Enerji achieves financial goals for 2024

- Turkish energy major says company to continue its investments in 2025 to accelerate energy transformation in Türkiye

27.02.2025 News from companies

Spot market electricity prices for Friday, Feb. 28

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.94 billion Turkish liras

27.02.2025 Electricity

Spot market natural gas prices for Wednesday, Feb. 26

- 1,000 cubic meters of natural gas on spot market costs 13,251.34 Turkish liras

27.02.2025 Natural Gas

bp announces $10 billion annual investment plan in oil and gas

- Energy giant to keep annual spending on energy transition initiatives, including renewables, at $1.5-2 billion, a $5 billion reduction from previously announced investment levels

27.02.2025 Natural Gas Oil

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Türkiye's daily power consumption down 1.96% on Feb. 26

- Electricity exports amount to 14,058 megawatt-hours and imports total 490 megawatt-hours

27.02.2025 Electricity

Oil drops on plans to resume KRG oil export, Russia-Ukraine peace talks

- Resumed Iraqi oil exports via Ceyhan Port could ease supply concerns and put downward pressure on oil prices

24.02.2025 Oil

Saudi Arabia's ACWA Power to buy Engie assets in Bahrain and Kuwait

- Acquisition includes 4.61 gigawatts of gas-fired power generation capacity and 1.11 mcm per day of water desalination facilities, along with related operations and maintenance companies

19.02.2025 General

Europe LNG imports hit 3-year low in 2024: Report

- Natural gas consumption drops to lowest level in 11 years, according to IEEFA's updated European LNG Tracker

18.02.2025 Natural Gas Lng/Lpg

Spot market electricity prices for Sunday, Feb. 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.5 billion Turkish liras

15.02.2025 Electricity

US oil rig count up by 1 for week ending Feb. 14

- Number of US oil rigs down by 16 compared to one year ago

15.02.2025 Oil

Türkiye's daily power consumption down 2.37% on Feb. 14

- Electricity exports amount to 13,702 megawatt-hours and imports total 789 megawatt-hours

15.02.2025 Electricity

Türkiye, Venezuela vow to strengthen energy ties

-Ankara and Caracas agree 'to take concrete steps' in energy and mining sector, says Turkish energy minister

14.02.2025 Energy Diplomacy

Emerging economies to drive 85% of global electricity demand growth through 2027: IEA

- Growth in low-emission sources, primarily renewables and nuclear, will be enough to meet global electricity demand growth in 3-year, forecasts global energy watchdog

14.02.2025 Electricity

Spot market electricity prices for Thursday, Feb. 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.89 billion Turkish liras

12.02.2025 Electricity

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Spot market natural gas prices for Tuesday, Feb. 11

- 1,000 cubic meters of natural gas on spot market costs 12,924.20 Turkish liras

12.02.2025 Natural Gas

Türkiye and Indonesia sign memorandum of cooperation on energy, mining

- Deal is latest cooperation agreement signed during Turkish President Recep Tayyip Erdogan's four-day Asia tour

12.02.2025 Energy Diplomacy

Türkiye's daily power consumption up 2.8% on Feb. 11

- Electricity exports amount to 14,841 megawatt-hours and imports total 333 megawatt-hours

12.02.2025 Electricity

BOTAS, Türkmengaz sign deal to facilitate supply of Turkmen gas to Türkiye

- Gas flow planned to start on March 1, says Turkish energy and natural resources minister

11.02.2025 Natural Gas

Türkiye's Oruc Reis vessel halfway through its seismic studies in Somalia offshore

- Turkish minister of energy and natural resources and Somalia's minister of petroleum and mineral resources discuss ways to enhance collaboration in energy and mining

07.02.2025 Energy Diplomacy

Türkiye's daily power consumption up 3.8% on Jan. 5

- Electricity exports amount to 14,468 megawatt-hours and imports total 972 megawatt-hours

06.02.2025 Electricity

Türkiye awards six contracts for 800 MW solar projects

- Turkey's energy minister announces plans for additional YEKA tenders for at least 2,000 megawatts by end of 2025

05.02.2025 Solar

Spot market natural gas prices for Tuesday, Jan. 28

- 1,000 cubic meters of natural gas on spot market costs 12,343.70 Turkish liras

29.01.2025 Natural Gas

Spot market electricity prices for Thursday, Jan. 30

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.8 billion Turkish liras

29.01.2025 Electricity

Türkiye's daily power consumption up 2.5% on Jan. 28

- Electricity exports amount to 13,096 megawatt-hours and imports total 629 megawatt-hours

29.01.2025 Electricity

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Türkiye's strategic role as energy hub highlighted amid energy crisis in Europe

- Thanks to diversification efforts and getting secure supplies via TurkStream, Hungary's gas supply was unaffected by the end of gas transit via Ukraine, Hungarian envoy tells Anadolu

28.01.2025 Natural Gas Energy Diplomacy

Italy's growing gas investments ignore failing demand: Research

-Time’s up for Italy to acknowledge its declining gas demand and that of its European neighbours, says senior IEEFA expert

27.01.2025 Natural Gas

Spot market natural gas prices for Wednesday, Jan. 22

- 1,000 cubic meters of natural gas on spot market costs 12,698.52 Turkish liras

23.01.2025 Natural Gas

Spot market electricity prices for Friday, Jan. 24

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.77 billion Turkish liras

23.01.2025 Electricity

Türkiye's daily power consumption down 0.12% on Jan. 22

- Electricity exports amount to 9,752 megawatt-hours and imports total 506 megawatt-hours

23.01.2025 Electricity

Global gas balance set to remain fragile in 2025: IEA

- Driven by rapidly expanding Asian markets, global gas demand rises by 115 billion cubic meters in 2024, says recent IEA report

21.01.2025 Natural Gas

Spot market natural gas prices for Sunday, Jan. 19

- 1,000 cubic meters of natural gas on spot market costs 12,590 Turkish liras

20.01.2025 Natural Gas

Spot market electricity prices for Tuesday, Jan. 21

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.83 billion Turkish liras

20.01.2025 Electricity

Türkiye's daily power consumption down 11.35% on Jan. 19

- Electricity exports amount to 18,233 megawatt-hours and imports total 409 megawatt-hours

20.01.2025 Electricity

Trump's Energy Secretary pick Chris Wright pledges to restore US energy dominance

- Wright says his top priority, if confirmed, would be to ‘unleash American energy both domestically and internationally to restore our energy dominance’

16.01.2025 Energy Diplomacy General

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Nuclear set to reach new record in 2025: IEA

- Global map for nuclear is changing, with majority of projects under construction in China, says energy watchdog

16.01.2025 Nuclear

Spot market electricity prices for Monday, Jan. 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.67 billion Turkish liras

12.01.2025 Electricity

Spot market natural gas prices for Saturday Jan. 11

- 1,000 cubic meters of natural gas on spot market costs 12,930.91 Turkish liras

12.01.2025 Natural Gas

Türkiye's daily power consumption down 3.89% on Jan. 11

- Electricity exports amount to 15,861 megawatt-hours and imports total 492 megawatt-hours

12.01.2025 Electricity

Moldova and Romania strike electricity supply deal

- OMV Petrom to supply 30 megawatts of electricity to Moldova until January 31, says Energocom

09.01.2025 Natural Gas

Norway announces record-high gas production in 2024

- Production is expected to remain stable at high levels before gradually declining by late 2020s, says Norwegian Offshore Directorate

09.01.2025 Natural Gas

EU achieves ‘cleanest power generation mix ever,’ in 2024: Eurelectric data

- Emissions of European Union power sector fell 13% in 2024, reaching a record low, reveals data by Eurelectric

03.01.2025 Electricity

Oil prices edge up in 1st week of 2025 amid economic growth hope

- Potential shifts in US economic growth after Trump’s Jan. 20 inauguration are expected to drive oil demand and influence prices

03.01.2025 Oil

Spot market natural gas prices for Monday, Dec. 30

-1,000 cubic meters of natural gas on spot market costs 12,612.28 Turkish liras

31.12.2024 Natural Gas

Spot market electricity prices for Wednesday, Jan. 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.28 billion Turkish liras

31.12.2024 Electricity

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Turkish delegation in Damascus begins assessment of Syria's energy needs

- Exporting electricity from Türkiye is first step in addressing energy needs of Syria and Lebanon, says Turkish energy minister

30.12.2024 General

Oil prices settle higher in last week of 2024 amid thin trade during Christmas holiday

- Oil trading volume thinned during holiday-shortened week

27.12.2024 Oil

Trump administration to boost US LNG exports

- US LNG sector to double export capacity within next 5 years with ongoing terminal constructions

26.12.2024 Natural Gas

Highlights of global energy market in 2024

- Wars significantly impact energy landscape, prompting countries to diversify energy sources and strengthen energy security while the EU announces new sanctions packages this year

25.12.2024 Energy Security Energy Projects General

Oil up over US economic growth data, trade limited ahead of Christmas break

- Recent US data on personal consumption expenditures and economic growth ease inflation concerns

24.12.2024 Oil

Oil up on lower US inflation data, hope of Federal Reserve policy easing

- US Federal Reserve is expected to maintain higher policy rates for an extended period to curb inflation

23.12.2024 Oil

Oil prices post 3% weekly loss amid strong dollar, China demand fears

- Expectation that Fed may slow pace of policy rate cut boosts dollar demand

20.12.2024 Oil

Romania to lengthen lifespan of 1st nuclear reactor with $2 billion contract

- Refurbishment of Cernavoda unit 1 will extend operation time by another 30 years, Romania's energy minister says

19.12.2024 Nuclear

Global coal demand peaks in 2024, to plateau until 2027: IEA

- International coal trade is set to reach record of 1.55 billion tonnes in 2024, IEA's Coal 2024 report shows

18.12.2024 Coal

Spot market natural gas prices for Sunday, Dec. 15

-1,000 cubic meters of natural gas on spot market costs 12,445.36 Turkish liras

16.12.2024 Natural Gas

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Spot market electricity prices for Tuesday, Dec. 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.64 billion Turkish liras

16.12.2024 Electricity

bp, Abu Dhabi’s XRG form joint venture for gas in Egypt

- New joint venture Arcius Energy 51% owned by bp and 49% by XRG, ADNOC's international investment arm

16.12.2024 Natural Gas Finance

Türkiye's daily power consumption down 8.95% on Dec. 15

- Electricity exports amount to 19,666 megawatt-hours and imports total 34 megawatt-hours

16.12.2024 Electricity

Türkiye to initiate trial production at Akkuyu in 2025: Turkish energy min.

- By 2028, Türkiye to gradually commission 4 reactors and meet 10% of counry's electricity needs, says Alparslan Bayraktar

13.12.2024 Nuclear

Austria's OMV terminates Gazprom natural gas contract

- OMV continues to implement diversification strategy for gas supply sources and additional pipeline capacities, OMV head says

12.12.2024 Natural Gas

Türkiye-Qatar natural gas pipeline could be revived, says Turkish energy minister

- 'There are many projects to produce,' for integrated and stabile Syria, Bayraktar says

10.12.2024 Energy Diplomacy

Türkiye sets new record for total crude oil production in November

- Aligning with national energy and mining policies, Türkiye shifts focus to previously unexplored regions for oil, says Turkish energy minister

10.12.2024 General

bp, Japan's JERA to form global offshore wind joint venture

- Partners to invest up to $5.8 billion in projects committed before 2030

09.12.2024 Renewable

Türkiye to begin 1st gold production in Niger in 2025

- To ensure a secure supply of raw materials, Türkiye leads domestic and international projects, spanning from Asia to Africa, says Alparslan Bayraktar

06.12.2024 Coal

Spot market electricity prices for Friday, Dec. 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.59 billion Turkish liras

05.12.2024 Electricity

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Spot market natural gas prices for Wednesday, Dec. 4

-1,000 cubic meters of natural gas on spot market costs 12,200.22 Turkish liras

05.12.2024 Natural Gas

Türkiye's daily power consumption up 0.48% on Dec. 4

- Electricity exports amount to 16,185 megawatt-hours and imports total 562 megawatt-hours

05.12.2024 Electricity

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

- Investment to add 2.3 gigawatts of renewable energy capacity and support Spain's energy transition, bank says

29.11.2024 Finance Wind Solar

Germany's Enercon and partners to install 2,500 MW of onshore wind in Türkiye

-‘Political support for renewables in Türkiye is also exemplary,' says Enercon CEO

28.11.2024 Wind

Spot market electricity prices for Friday Nov. 29

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.9 billion Turkish liras

28.11.2024 Electricity

Spot market natural gas prices for Wednesday, Nov. 27

- 1,000 cubic meters of natural gas on spot market costs 12,200.73 Turkish liras

28.11.2024 Natural Gas

Türkiye's daily power consumption up 0.44% on Nov. 27

- Electricity exports amount to 15,815 megawatt-hours and imports total 484 megawatt-hours

28.11.2024 Electricity

Türkiye's solar power soars to record heights in 2024: Ember

- This year, solar energy set new hourly, daily, and monthly generation records, Ember reports

26.11.2024 Solar

Türkiye seeks US exemption for Gazprombank sanctions

- Sanctions on Russia, a crucial natural gas supplier to Türkiye, could risk country's supply security

26.11.2024 General

Oil prices down amid potential Lebanon cease-fire deal

- As dollar soars, dampening oil demand and driving down prices

26.11.2024 Oil

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Spot market natural gas prices for Saturday, Nov. 23

- 1,000 cubic meters of natural gas on spot market costs 11,932.72 Turkish liras

24.11.2024 Natural Gas

Türkiye's daily power consumption down 4.6% on Nov. 23

- Electricity exports amount to 17,983 megawatt-hours and imports total 243 megawatt-hours

24.11.2024 Electricity

Türkiye, Hungary to renew gas deal for 2025-2026: Hungarian state energy firm CEO

- 'We would like to further cooperate with Turkish firm BOTAS and increase volumes for the future,' says CEO of Hungary’s state-owned energy company MVM CEEnergy

22.11.2024 General

Türkiye's daily power consumption down 0.15% on Nov. 20

- Electricity exports amount to 15,846 megawatt-hours and imports total 322 megawatt-hours

21.11.2024 Electricity

Oil prices up on Russia-Ukraine tension, US inventory build caps gain

- Data from Energy Information Administration reveals 0.1% increase in US commercial crude oil inventories for week ending Nov. 15

21.11.2024 Oil

Aramco, China's Sinopec break ground on new petchem project in China

- Project expected to be fully operational by the end of 2030

18.11.2024 General

Spot market electricity prices for Saturday, Nov. 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.33 billion Turkish liras

15.11.2024 Electricity

Spot market natural gas prices for Thursday, Nov. 14

- 1,000 cubic meters of natural gas on spot market costs 12,104 Turkish liras

15.11.2024 Natural Gas

İstanbul Energy Forum to spotlight global energy challenges on Nov. 22

- Day-long forum in Istanbul to bring together foreign energy ministers, representatives of international NGOs, global organizations, academics, media professionals, and leading figures from global businesses

15.11.2024 General

COP29 pushes for $1 trillion in climate financing for developing nations

- "Falling short on climate investment before 2030 risks compounding costs and intensifying the path to stability in later years," experts warn at COP29

14.11.2024 Finance

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Türkiye joins countries endorsing declaration to triple nuclear energy by 2050

-With Türkiye's inclusion, total number of countries ratifying declaration reached 31, says Alparslan Bayraktar

14.11.2024 General

Energy sector adds 2.5 million jobs globally in 2023: IEA

-Number of energy jobs globally rose by 3.8% last year, reaching 68 million

13.11.2024 General

TotalEnergies and China's Sinopec sign multiyear LNG supply agreement

- TotalEnergies will supply China's Sinopec with 2 million tons of LNG annually, starting in 2028

04.11.2024 Lng/Lpg

Turkish Wind Energy Congress to kick off in Istanbul on Tuesday

- With Anadolu as Global Communication Partner, TWEC 2024, global platform for wind energy innovation, will bring together experts from Europe and beyond to shape future of energy

04.11.2024 Renewable

Oil prices surge as OPEC+ delays output increase, US elections loom

- Weaker dollar likely to drive up demand by making oil more affordable for buyers using other currencies

04.11.2024 Oil

TotalEnergies' 3rd-quarter income drops sharply

-French oil giant's net adjusted income impacted by lower refining margins and reduced drilling activities

31.10.2024 Finance

Shell beats market expectations with $6 billion profit in 3Q24

- Energy giant's adjusted earnings exceeds forecasts by 12% despite lower oil prices and weaker refining margins

31.10.2024 Oil Finance

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

- Companies to deploy 2 million high-efficiency panels for solar boost in Iraq's Basra

29.10.2024 Solar

Türkiye to commence oil and natural gas exploration in Somali territories

- Oruc Reis research vessel arrives in offshore Somalia Friday following 20-day journey from Istanbul

25.10.2024 Natural Gas Oil

Spot market electricity prices for Saturday, Oct. 26

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.36 billion Turkish liras

25.10.2024 Electricity

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

Heads of Russian, UN nuclear watchdogs start meeting in Moscow

Hungary inks deal with UK to develop small modular nuclear reactors

Iran warns US, Israel of forceful response if its nuclear sites targeted

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 increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Highlights of Türkiye's energy market in 2024

Global coal demand peaks in 2024, to plateau until 2027: IEA

Türkiye to begin 1st gold production in Niger in 2025

Spot market electricity prices for Monday, Nov. 11

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Türkiye's natural gas imports up 17.7% in October

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Spot market natural gas prices for Friday, Dec. 29

Utilisation of EU LNG terminal plunges to 42% in 2024

Europe LNG imports hit 3-year low in 2024: Report

Surge in global LNG demand boosts LNG carrier orders in 2024

Türkiye's LPG production up 12.3% in November 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

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 down by 6 for week ending June 28

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

Oil rebounds over US plans to refill emergency stockpiles

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

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 rise in week ending Aug.30 amid falling US inventories

US oil rig count down by 2 for week ending Aug 16

Strong winds force closure of Egypt’s Hurghada, El-Arish ports

Türkiye ranks 3rd in Europe for onshore wind energy capacity increase

Europe's wind energy capacity increases by 16.4 GW in 2024

Türkiye to install 1 GW wind energy capacity in 2025

Türkiye's installed solar power capacity exceeds 20,000 MW

Türkiye awards six contracts for 800 MW solar projects

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Türkiye's solar power soars to record heights in 2024: Ember

China set to build world's largest dam in Tibet

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Hydro provides majority of Norway's power in January

Highlights of Türkiye's energy market in 2024

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

Taiwan starts drilling of 1st deep geothermal well

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

Spot market electricity prices for Sunday, March 16

US oil rig count up by 1 for week ending March 14

Türkiye's daily power consumption up 0.03% on March 12

Syria, Saudi energy company discuss cooperation in agricultural sector

OPEC daily crude output up 0.6% in February

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

Libya Energy & Economic Summit 2024 to kick off in Tripoli

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

Spot market electricity prices for Sunday, Dec. 3

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

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

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

Global leaders of energy sector to convene at İstanbul Energy Forum

UN weather agency says 2024 on track to be warmest year on record

Climate Investment Funds grant $70 million to accelerate Türkiye's renewable energy integration

Türkiye's LPG production down 4.3% in December 2024

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Türkiye's LPG production up 6.69% in November 2023

Former Lithuanian FM warns Russia's shadow fleet threatens EU security

Turkmen natural gas set to reach Türkiye on March 1

Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts