Nuran Erkul. Turkey’s giant offshore natural gas discovery of 320 billion cubic meters (bcm) in the Black Sea is worth $80 billion in line with current price trends, Fatih Birol, the International Energy Agency's (IEA) head told Anadolu Agency on Monday. We need to make sure 2019 is remembered as the definitive peak in global emissions, and that means taking …

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The Turkish national football team fought hard to earn a 3-3 draw against Germany with a late goal in a friendly match on Oct. 7. The Nobel Prize for literature was awarded to American poet Louise Gluck on Oct. 8 "for her unmistakable poetic voice that with austere beauty makes individual existence universal.". He also advised that Turkey should gain more experience in the offshore industry and related technologies. “This experience and know-how could give Turkey the opportunity to build offshore wind projects like in Denmark and Norway,” Birol said. The gas discovery was made at a depth of 2,100 meters below the seabed in the Sakarya Gas Field, located around 170 kilometers off the Black Sea coast. 2020 on track as worst year in oil-industry history: Birol, Shale oil output seen rising if crude exceeds $40 a barrel, Photographer: Patrick T. Fallon/Bloomberg, Explore dynamic updates of the earth’s key data points. Court of Justice supported France in dispute with UK, rejecting latter's claims over continental shelf: Energy min. Thus, Turkey’s discovery came at a very good time to allow the country to be very strong in potential cooperation negotiations with these companies,” Birol said. “This experience and know-how could give Turkey the opportunity to build offshore wind projects like Denmark and Norway,” Birol said. Birol said the discovery is considered a “giant” find in international terms and by comparison is equal to all Norway’s discoveries in the North Sea since 2010. “Thousands of people working in oil service and engineering companies are unemployed, as there is no investment in this field. Birol said the discovery is considered a “giant” find in international terms and by comparison is equal to all Norway's discoveries in the North Sea since 2010. Mission.

He noted that Turkey could avail of cooperation negotiations with oil service and engineering companies, as many have seen major layoffs in the oil and gas industry, which has suffered from a 50% year-on-year drop in investments in 2020. Turkey’s giant offshore natural gas discovery of 320 billion cubic meters (bcm) in the Black Sea is worth $80 billion in line with current price trends, Fatih Birol, the International Energy Agency's (IEA) head told Anadolu Agency on Monday. He oversees the IEA’s public and media relations, digital and social media strategy, publications, product strategy and sales, and is responsible for the IEA’s digitalization initiative.

Oil tankers are seen anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S., on Friday, May 1, 2020. Turkish President Recep Tayyip Erdogan announced the biggest gas discovery in the country’s history. Areas of work. He noted that Turkey could avail of cooperation negotiations with oil service and engineering companies, as many have seen major layoffs in the oil and gas industry, which has suffered from a 50 percent year-on-year drop in investments in 2020. End to Nord Stream 2 project could be on table: Merkel, Spot market natural gas prices for Sunday, Sept. 6, Anadolu Agency's Energy Journalism Training begins, Turkish leader, top EU official discuss E.Med over phone, Spot market natural gas prices for Saturday, Sept. 5, Spot market natural gas prices for Friday, Sept. 4, Spot market natural gas prices for Thursday, Sept. 3, ANALYSIS - Turkey for talks in East Mediterranean despite provocations, Spot market natural gas prices for Wednesday, Sept. 2, Spot market natural gas prices for Tuesday, Sept. 1, Spot market natural gas prices for Monday, Aug. 31, Spot market natural gas prices for Sunday, Aug. 30, Spot market natural gas prices for Saturday, Aug. 29, Turkey to gain gas trade leverage from new discovery, Spot market natural gas prices for Friday, Aug. 28, EU's demand to stop activities in E.Med 'out of line’: Turkey, Spot market natural gas prices for Thursday, Aug. 27, Dialogue, de-escalation in E.Med benefit everyone: NATO, Spot market natural gas prices for Wednesday, Aug. 26, Turkey may report more good news in 2 months: minister, US sets new record for natural gas power burn in July, Spot market natural gas prices for Tuesday Aug. 25, Spot market natural gas prices for Monday Aug. 24, Turan Drilling to manage BP procurement in Azerbaijan, 'Turkey's natural gas find prelude to more good news', Spot market natural gas prices for Sunday Aug. 23, Turkey’s gas imports from Russia and Iran fall sharply, Turkey's LPG imports down 4.42% in June 2020, Turkey proceeds resolutely in defense industry: Erdogan, Turkey's Oruc Reis vessel to stay in E.Med until Aug 23, Spot market natural gas prices for Saturday, Aug. 22, Spot market natural gas prices for Friday, Aug. 21, New gas find "transformational" for Turkey: WoodMac, Black Sea gas find key to Turkey's energy independence, Turkey's natural gas find to fuel financial markets in mid term, Turkish Cyprus hails Turkey's Black Sea gas discovery, EU official congratulates Turkey on natural gas find, Gas find 'turning point' for Turkey: Parliament head. On Aug. 21, Turkish President Recep Tayyip Erdoğan announced the biggest gas discovery in the country’s history.

It will take more than a year, and perhaps several, for oil demand to recover to what it was before the coronavirus shuttered economies and caused energy markets to collapse, according to the head of the International Energy Agency. Turkey’s giant gas find worth $80 billion: IEA Head, - Funded gas projects should enhance social, political and economic integration of beneficiary countries: Atlantic Council, - 1,000 cubic meters of natural gas on spot market costs 1,300 Turkish liras, - Third Floating Storage Regasification Unit will be located in Saros Bay by 2021: says Turkey's deputy energy minister, - Polish anti-monopoly watchdog fines Gazprom over 29B Polish Zloty ($7.6B) for violating country’s anti-monopoly legislation, - Gazprom's natural gas exports via pipelines also falls by 14% in the January-August period compared to same period of 2019, - Polish anti-monopoly authority says Gazprom acted on Nord Stream 2 without obtaining approval from authority, - 1,000 cubic meters of natural gas on spot market costs 1,299 Turkish liras, - Vessel is expected to reach its destination; the Marmara Ereglisi LNG terminal at 07.00 local time, - 1,000 cubic meters of natural gas on spot market costs 1,301 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,310 Turkish liras, - Kanuni drill ship will sail from Turkey's southern province of Mersin on Oct. 10, according to energy minister, - Jens Stoltenberg to meet top government officials, starting his visit with Turkey on Monday, - 1,000 cubic meters of natural gas on spot market costs 1,325 Turkish liras, -Denmark gives Russia-led Nord Stream 2 consortium green light to operate in Danish waters, - 1,000 cubic meters of natural gas on spot market costs 1,384 Turkish liras, - There are 2.6 million unplugged onshore wells in US, with another estimated 1.2 million that are undocumented, report says, - 1,000 cubic meters of natural gas on spot market costs 1,375 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,355 Turkish liras, - Secretary of State Mike Pompeo says it is important dispute resolved 'through dialogue', - Greece-Turkey technical talks can support efforts to facilitate negotiations on 'underlying main problem,' says NATO Chief, - 1,000 cubic meters of natural gas on spot market costs 1,353 Turkish liras, - Vessel is expected to reach its destination at Aliaga LNG terminal at 07.00 local time, - 1,000 cubic meters of natural gas on spot market costs 1,345 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,359 Turkish liras, - LPG production decreases to 82,476 tonnes with a year-on-year drop of 14%, according to Turkey's energy watchdog, - 1,000 cubic meters of natural gas on spot market costs 1,358 Turkish liras, - Output of oil refinery products decreases by 11.5% to 2.8 million tonnes in July 2020, - Total natural gas consumption in July falls 0.2% year-over-year, - 1,000 cubic meters of natural gas on spot market costs 1,354 Turkish liras. IEA head Fatih Birol is calling on heads of state and international financial institutions to make coronavirus recovery plans sustainable Fatih Birol, head of the International Energy Agency, told Climate Home News economic recovery packages to mitigate the coronavirus pandemic were "a historic opportunity" to boost clean energy investments. “This will help Turkey to reduce its import bill but it does not totally solve its trade deficit problems,” Birol warned. ISTANBUL-Anadolu Agency Turkey ’s giant offshore natural gas discovery of 320 billion cubic meters (bcm) in the Black Sea is worth $80 billion in line with current price trends, Fatih Birol, the International Energy Agency’s (IEA) head told Anadolu Agency on Aug. 24. “This will help Turkey to reduce its import bill but it does not totally solve its trade deficit problems,” Birol warned. Oil prices, which have plunged by more than half this year to around $30 a barrel, have recovered somewhat over the past two weeks as OPEC+ countries began cutting output to drain a supply glut. 24.08.2020 15:17

Natural Gas, Downstream, Projects, Turkey As the IEA announced last month, global energy-related CO2 emissions stopped growing last year even as the world economy expanded by nearly 3%. According to Birol, this ambitious 2023 target is not impossible as it has been done with other gas discoveries, provided that its investment is prioritized and official procedures are dealt with promptly. The International Energy Agency (IEA; French: Agence internationale de l'énergie) is a Paris-based autonomous intergovernmental organisation established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis. - 1,000 cubic meters of natural gas on spot market costs 1,336 Turkish liras, - Turkey aims to connect discovered gas to national gas transmission network by 2023, energy minister says, - US committed to pursuing more commercial opportunities with Turkey, says commerce secretary, -Power plant will be operated by Cengiz Energy for 25 years, - 1,000 cubic meters of natural gas on spot market costs 1,330 Turkish liras, - Turkey returned energy exploration ship Oruc Reis to port this week for restocking and maintenance work, - 1,000 cubic meters of natural gas on spot market costs 1,324 Turkish liras, - German Deputy Prime Minister and Minister of Finance Olaf Scholz sent letter to US Treasury Minister Steven Mnuchin on August 7, - Expiry of long term gas contracts in 2020s offers Turkey opportunity to have more flexible and competitive renewal terms, - According to preliminary estimates, Great Nooros Area discovery may contain in excess of 4 trillion cubic feet of gas, -Country is net exporter of natural gas since 2017, - Despite Turkey's repeated calls for dialogue towards fair solution, Greece continues to take steps to drive up tension, - 1,000 cubic meters of natural gas on spot market costs 1,323 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,326 Turkish liras, - Actual savings could even be more as global gas prices and import costs are expected to rise in coming years: Rystad Energy, - Agency forecasts oil prices will remain around $40-$45 per barrel in 2021, - Russia's oil export revenue declines to $44 billion in first seven months of 2020, - COVID-19 will reduce global energy demand by 8% this year, according to newly released DNV GL report, - 1,000 cubic meters of natural gas on spot market costs 1,314 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,315 Turkish liras, - Beyond its actual amount and likely future contributions to country’s economy, gas finding bears potential to have large-scale implications in the context of increasing multipolarity in the region, -Berlin signals it needs answers on Navalny poisoning, and gas pipeline project may be at risk, - Online program, with aim of helping foreign journalists enrich their knowledge in energy field, will run until Sept. 9, - President Recep Tayyip Erdogan, European Council head Charles Michel also talk about Turkey-EU relations, - Aspiring peace and fair distribution of resources, Turkey keeps its powder dry in the Mediterranean to meet any challenge, - 1,000 cubic meters of natural gas on spot market costs 1,313 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,309 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,305 Turkish liras, - 1,000 cubic meters of natural gas on spot market costs 1,306 Turkish liras, - Turkey's gas find may pave way for gaining bargaining power in the many contracts that will expire by end of 2021: Report, - As confirmed by EU Court of Justice, bloc has no authority in this matter, says Turkish Foreign Ministry, - Situation in Eastern Med must be resolved with ‘allied solidarity,’ says NATO chief, - New discoveries to most likely be made in layers below area of current natural gas reserve in Black Sea, says Fatih Donmez, - Natural gas consumed by electric power plants at 47.2 bcf this July, exceeding previous record of 45.4 bcf on Aug. 6, 2019, - Amendment to contract awarded by BP to Turan Drilling & Engineering in 2019 is valued at up to $120 million, - Following major natural gas discovery in Black Sea, Turkey hopes for good news from Mediterranean, says President Erdogan, - Share of LNG in total gas imports increases while pipeline gas drops significantly in first half of 2020, data shows, - LPG production decreases to 45,339 tonnes with a year-on-year drop of 51.06%, according to Turkey's energy watchdog, - 2 emergency response, diving training boats, 2 underwater demolition boats, 8 fast patrol boats join Turkish Naval Forces, - Oruc Reis will continue its seismic research with Cengiz Han, Ataman vessels, according to navigational telex, - This is Turkey’s biggest-ever find by a wide margin and one of largest global discoveries of 2020, WoodMac analyst says, - At this point, it is important for Turkey to continue to develop and improve investor-friendly strategies, energy prof. says, - Cutting Turkey's energy import dependency, giant natural gas find crucial for country's economic transformation, say experts, - Major find proves vision of rights of Turkey, Turkish Cyprus at sea is both realistic and attainable, says foreign minister, - Natural gas resources will contribute significantly to Turkish economy, says head of EU Delegation to Turkey, - Major natural gas discovery brings Turkey one step closer to goal of energy independence, says vice president, East Med.
Have a confidential tip for our reporters? The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors. - Int. According to Birol, this ambitious 2023 target is not impossible as it has been done with other gas discoveries but only provided its investment is prioritized and official procedures are dealt with promptly. ANALYSIS - Can Turkey’s gas discovery open a new window? Before it's here, it's on the Bloomberg Terminal.


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