Turkey's Gas Imports Fall by 19% in June

Turkey's Gas Imports Fall by 19% in June

Turkey's natural gas imports decreased by 19.04 percent in June compared to the same month last year, according to the Turkish energy watchdog's data released on Monday

China Investing Heavily in European Wind

China Investing Heavily in European Wind

China’s investment in foreign wind-powered electricity markets has approached $7 billion in Europe alone as private and stated-owned Chinese companies move "aggressively" to capitalize on fast-growing renewable energy markets, according to a recent research brief published by the U.S.-based Institute for Energy Economics and Financial Analysis (IEEFA)

Egypt to Restart Gas Exports in January

Egypt to Restart Gas Exports in January

Egypt will resume natural gas exports in January, the country’s oil minister said Wednesday, according to local media. In an interview with news website El Watan, Tarek El Molla said Egypt would as of October halt gas imports, which were driven by low domestic output and growing demand for energy

EU, China Step Up Climate Change Cooperation

EU, China Step Up Climate Change Cooperation

The EU and China reaffirmed their commitment to advance the implementation of the Paris Agreement and intensify their cooperation on climate change and clean energy, the European Commission (EC) announced on Thursday

EBRD Seeks Geothermal, Offshore Wind Consultants for Turkey

EBRD Seeks Geothermal, Offshore Wind Consultants for Turkey

The European Bank for Reconstruction and Development (EBRD) has invited technical and financial proposals from consultants to produce a study of the overall short- and long-term geothermal district energy potential of Turkey, and identify and evaluate the feasibility of the most promising three sites for building such district energy systems, according to a request for proposals on the EBRD’s website

Rolls-Royce Launches New Battery System for Ships

Rolls-Royce Launches New Battery System for Ships

The United Kingdom-based engineering company Rolls-Royce launched a lithium-ion based energy storage system for ships, the company announced Wednesday

EBRD Invests €100M in Bulgarian Energy Holding

EBRD Invests €100M in Bulgarian Energy Holding

The European Bank for Reconstruction and Development (EBRD) has invested €100 million in a new seven-year €550 million bond issued by Bulgarian Energy Holding (BEH), the state-owned entity that controls the country’s energy assets, including the public suppliers of electricity and gas, the EBRD announced on Monday

India Needs to Ensure Greater Coordination for Evs

India Needs to Ensure Greater Coordination for Evs

India needs to ensure greater coordination in electric vehicle (EVs) deployment as it moves forward with initiatives to further encourage the use of EVs and hybrid cars, according to GlobalData on Monday

Saudi Aramco Forms $8B JV for Gasification Project

Saudi Aramco Forms $8B JV for Gasification Project

The state-owned oil company of Saudi Arabia, Saudi Aramco, signed a term sheet agreement to form a gasification and power joint venture (JV) with Air Products and ACWA Power, the company announced on Sunday

Turkish Household Gas: Cheapest From List Of 25 in 2017

Turkish Household Gas: Cheapest From List Of 25 in 2017

Turkey's household natural gas price registered as the cheapest per kilowatt-hour (kWh) in 2017 among a list of 25 countries, according to the latest data released by the EU's statistics office Eurostat on Wednesday

Global Oil Flow in July Up Despite Drop in Saudi Output

Global Oil Flow in July Up Despite Drop in Saudi Output

Global oil supply rose by 300 thousand barrels per day (kb/d) to 99.4 million barrels per day (mb/d) in July, according to the International Energy Agency's (IEA) report on Friday

EU Set to Boost US LNG Imports to Diversify Supply

EU Set to Boost US LNG Imports to Diversify Supply

Since April 2016 when the first U.S. LNG carrier arrived in the Portuguese port of Sines, EU imports of liquefied natural gas have reached 2.8 billion cubic meters, according to the European Commission's (EC) announcement on Thursday

Bosch to Build Production Facility in Turkey

Bosch to Build Production Facility in Turkey

A new-generation, high-pressure petrol injector production facility to be built by German giant Bosch in northwestern Bursa province will achieve $185 million in annual exports and cut down the current account deficit by $230 million, Industry and Technology Minister Mustafa Varank said late Tuesday

Does Iran Pose Threat to Mid. East Oil Transit?

Does Iran Pose Threat to Mid. East Oil Transit?

The temporary halt in crossings through the Bab-El-Mandeb Strait and Iran's recent blockage threat of the Strait of Hormuz for the passage of cargo ships and oil tankers in the Middle East are raising concerns on whether oil transit would continue unabated in the region, and if the Hormuz blockage goes ahead, on whether oil prices would subsequently rise