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Turkeys Daily Power Consumption Down 9.3% on May 10

Turkey's Daily Power Consumption Down 9.3% on May 10

Δευ, 11 Μαΐου 2020 - 19:03

Turkey's daily electricity consumption decreased by 9.3% to 550,712 megawatt-hours on Sunday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Monday

No. of Electric Vehicles Set to be Over 1 Bln by 2050

No. of Electric Vehicles Set to be Over 1 Bln by 2050

Δευ, 11 Μαΐου 2020 - 19:01

The number of electric vehicles (EVs) is projected to increase from around 8 million in 2019 to over 1.1 billion by 2050, according to data from International Renewable Energy Agency's (IRENA) recent report on Wednesday

Terna: EUR 11 Billion in Green Energy Projects to Boost Greece’s Recovery

Terna: EUR 11 Billion in Green Energy Projects to Boost Greece’s Recovery

Παρ, 8 Μαΐου 2020 - 16:55

The Greek economy may get an enormous push with EUR 11 billion investments in renewable energy and electricity storage projects in the post-coronavirus era. According to Terna Energy’s Chairman Giorgos Peristeris, fully licensed investments in renewables with a total capacity of 2,400 MW are ready, while an additional 5,800 MW of renewable energy projects obtained all environmental permits

Coronavirus Hits US Oil Sector Hard as Billions Lost

Coronavirus Hits US Oil Sector Hard as Billions Lost

Παρ, 8 Μαΐου 2020 - 16:50

The novel coronavirus (COVID-19) has hit the US' energy industry hard as US crude oil production is in steep decline and many major oil companies have already announced losses for the first quarter of the year

Europes Steel Industry Must Invest €100B for CO2 Cuts

Europe's Steel Industry Must Invest €100B for CO2 Cuts

Πεμ, 7 Μαΐου 2020 - 17:55

Around €100 billion ($108 billion) is required to take the production of crude steel from iron ore and make it climate neutral, according to a recent press release by Roland Berger, a global strategy consulting firm headquartered in Munich

Total’s Net Profit Decreases 35% in Q1 Amid Oil Crisis

Total’s Net Profit Decreases 35% in Q1 Amid Oil Crisis

Τρι, 5 Μαΐου 2020 - 20:10

The French energy company Total said Tuesday its net income decreased by 35% to $1.8 billion in the first quarter of 2020 amid the sharp decline in oil demand and prices due to the novel coronavirus (COVID-19) pandemic

Greek-Italian Joint Venture Seeks Contractors for EastMed Gas Pipeline

Greek-Italian Joint Venture Seeks Contractors for EastMed Gas Pipeline

Τρι, 5 Μαΐου 2020 - 10:37

A joint venture between Greek utility DEPA and Italy’s Edison is seeking to shortlist two contractors to build part of a pipeline to carry natural gas from the eastern Mediterranean’s rapidly developing gas fields to Europe, DEPA said on Thursday. European governments and Israel last year agreed to proceed with the $6 to $7 billion so-called EastMed project.

Oil Prices Down Despite Start of OPEC+ Output Cut

Oil Prices Down Despite Start of OPEC+ Output Cut

Δευ, 4 Μαΐου 2020 - 17:45

Crude oil prices were down on Monday despite the commencement of crude production cuts from OPEC and its allies on Friday to trim some of the supply glut on the global market

Downturn in Oil Demand Will Depend on Lockdowns: IEA

Downturn in Oil Demand Will Depend on Lockdowns: IEA

Πεμ, 30 Απριλίου 2020 - 18:12

A continuation in the fall of oil demand will be more dependent on the lifting of lockdowns due to COVID-19 than economic activity, Fatih Birol, the International Energy Agency (IEA) executive director, said on Thursday

Turkeys Energy Import Bill Down 27.5% in March 2020

Turkey's Energy Import Bill Down 27.5% in March 2020

Πεμ, 30 Απριλίου 2020 - 18:10

Turkey's energy import bill decreased by 27.5% to $2.73 billion in March this year compared to the same month of 2019, according to data released by the Turkish Statistical Institute on Thursday

Two Scenarios on Recession in 2020

Two Scenarios on Recession in 2020

Πεμ, 30 Απριλίου 2020 - 11:00

The government will include two scenarios on the economic contraction projected for this year in the Stability Program for 2020-21 to be submitted to the European Commission on Thursday in the context of the European Semester. The baseline scenario will provide for a V-shaped recovery, estimating that the economy will contract by 4.7 percent this year and rebound by 5 percent in 2021, while the adverse scenario will take this year’s contraction to 8-9 percent, according to sources.

Time to Plan Postpandemic Economic Recovery: IEA Chief

Time to Plan Postpandemic Economic Recovery: IEA Chief

Δευ, 27 Απριλίου 2020 - 19:25

International Energy Agency (IEA) Executive Director Fatih Birol called on governments to prepare plans for a post-pandemic "economic recovery" to include support for job losses when confinement measures are eased