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Worlds 1st Floating Nuke Plant Sets Sail Across Arctic

World's 1st Floating Nuke Plant Sets Sail Across Arctic

The world's first floating nuclear power plant, the Akademik Lomonosov, started its more than 4,700-kilometer voyage on Friday from Russia’s northwestern port city of Murmansk to supply electricity to the northernmost port town of Pevek, on the other side of Russia's Arctic coast.

Turkeys Akkuyu Nuclear Plant Secures Russian Financing

Turkey's Akkuyu Nuclear Plant Secures Russian Financing

Sberbank, Russia's state-owned banking and financial services company will provide a $400 million loan for the construction of Turkey's Akkuyu nuclear power station, the bank announced on Wednesday.

Turkeys Energy Xchange Ηits Record in Spot Gas Trade

Turkey's Energy Xchange Ηits Record in Spot Gas Trade

Data on Turkey's Energy Exchange Istanbul (EXIST) trade volume for Tuesday's spot natural gas market hit a record high generating approximately 29 million Turkish liras since the energy stock exchange was established on Sept. 1 in 2018, EXIST data shows on Wednesday.

Offshore Wind Expects to Increase by Over 25% by 2030

Offshore Wind Expects to Increase by Over 25% by 2030

Offshore wind market growth cumulative capacity is predicted to increase from 154 to 193 gigawatts (GW) by 2030, with a long-range forecast of over 500 gigawatts by 2050, according to a recent report from U.S.-based National Renewable Energy Laboratory (NREL).

Turkish Oyak Reaches Initial Deal to Buy British Steel

Turkish Oyak Reaches Initial Deal to Buy British Steel

The pension fund of the Turkish Armed Forces has reached a preliminary agreement to acquire U.K.-based industrial giant British Steel, said a written statement on Friday.

Global Oil Supply Up in July 2019

Global Oil Supply Up in July 2019

Global oil supply increased in July by 0.23 million barrels per day (mb/d) month on month (m-o-m) to average 98.71 mb/d, the Organization of Petroleum Exporting Countries (OPEC) reported on Friday.

Security of Strait of Hormuz Red Line For Iran

'Security of Strait of Hormuz Red Line For Iran'

Stability and security of the Strait of Hormuz is Iran’s red line, Iranian First Vice-President Eshaq Jahangiri said on Monday, according to Iran's Young Journalists Club (YJC) news agency.

US Giant Manufacturer Is Interested in the Construction of the Belene NPP

US Giant Manufacturer Is Interested in the Construction of the Belene NPP

US turbine manufacturer General Electrichas applied to participate in the construction of the Belene Nuclear Power Plant, Bulgarian Energy Minister Temenuzhka Petkova said. By August 19, which is the deadline for receiving offers, she expects an offer from Russia's Rosatom, as well, BNR reported.

Climate Change Affecting Food Security: UN

Climate Change Affecting Food Security: UN

Climate change change is affecting availability, access, utilization and the stability of food security, the UN said Thursday in a report that shows its danger and effect on land.

Turkeys Electricity Import Bill Down Over 55% in 1H19

Turkey's Electricity Import Bill Down Over 55% in 1H19

Turkey's electricity import bill for the January-June period of 2019 decreased by 55.14% compared to the same period of 2018, according to Turkish Statistical Institute's (Turkstat) data.

Equinor Joins Wind Farm Development in Argentina

Equinor Joins Wind Farm Development in Argentina

Norwegian multinational energy firm Equinor joins YPF Luz for the development of a wind farm in Santa Cruz in Argentina, Equinor announced in a statement on Tuesday.

Turkeys Naturel Energy Co. Goes Public

Turkey's Naturel Energy Co. Goes Public

Naturel Energy Co. became Turkey's first solar energy company to go public on Monday with a value of around 70 million Turkish liras.