France is set to build eight new nuclear plants on top of six already announced, the energy minister has said, arguing more reactors are needed to hit carbon reduction targets. A draft law set to be presented soon recognizes that “we will need nuclear power beyond the six first European …
Read More »Birol: Turkey should Avail of Anticipated LNG Surge in 2025
Turkey could take advantage from an expected global liquefied natural gas (LNG) production boom projected for 2025 onward, thanks to its extensive infrastructure, according to the head of the International Energy Agency (IEA). Fatih Birol, executive director of the IEA, recommended that Türkiye avail of this anticipated LNG boom that …
Read More »Türkiye’s Natural Gas Demand Expected to Reach 53 bcm in 2024
Türkiye’s natural gas demand is expected to increase and reach around 53 billion cubic meters (bcm) in 2024, according to Yaşar Arslan, president of Türkiye’s Natural Gas Distribution Companies’ Association (GAZBIR), on Sunday. Arslan told Anadolu Agency (AA) that natural gas consumption this year may remain below the 56 billion …
Read More »Turkey Gas Hub still on Agenda, Russian President Putin Says
Russian President Vladimir Putin said the proposed “gas hub” in Türkiye is still on the agenda. He noted that Moscow wants to set up an electronic platform for gas sales in Turkey, and they do not want to store gas there. Last year, Putin proposed the idea of creating a …
Read More »Iraq Says Waiting on Final Answer from Turkey to Resume Oil Exports
Iraq is waiting on a final answer from turkey to resume its northern oil exports through the Mediterranean port of Ceyhan, the country’s oil minister said Tuesday. Hayan Abdel-Ghani’s remarks come as oil production in Iraq’s semi-autonomous Kurdistan Regional Government (KRG)-ruled region continues to drop as export flows to Turkey’s …
Read More »Germany to Shut down Last Remaining Nuclear Power Plants
Betting that it can fulfil its green ambitions without atomic power despite the energy crisis caused by the Ukraine war, Germany is set to shut down its three remaining nuclear plants on Saturday. The cloud of white steam that has risen since 1989 over the river in Neckarwestheim, near Stuttgart, …
Read More »Oil Loading at Ceyhan Port for the BTC Pipeline may Start Within Days
The Ceyhan port in Türkiye’s Adana province may resume loading oil from the Baku-Tbilisi-Ceyhan (BTC) pipeline in a few days using “manual” procedures, a Turkish official and a source said Saturday. The terminal, on Türkiye’s Mediterranean coast, was damaged in the devastating earthquakes that hit Türkiye and Syria on Monday. …
Read More »Venezuelan State-Owned Oil Firm Tightens Oil Prepayment Rules
Venezuela’s state oil firm PDVSA is tightening terms for buyers after a monthlong halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed. PDVSA’s new Chief Executive Pedro Tellechea put the move in place this month. It reinforces …
Read More »Eni, Total Announce Sizeable New Gas Discovery off Greek Cyprus
A consortium made up of energy companies, Eni from Italy and France’s Total, is expediting plans to develop natural gas deposits off the island of Cyprus following the discovery of a third field containing 2-3 trillion cubic feet of hydrocarbon inside the same licensed exploration area, announced the Greek Cypriot …
Read More »Turkey Inaugurates Biggest Natural Gas Storage Facility in Europe
Turkey on Friday held a long-awaited ceremony to mark an increase in capacity at its first underground natural gas storage facility, in what officials say will make it the biggest storage site in Europe. The country has been filling its gas storage units this year as the import-dependent country sought …
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