Energy Ministry

Türkiye is expected to sign another long-term liquefied natural gas (LNG) supply agreement this week during Energy Minister Alparslan Bayraktar's visit to the U.S.

Bayraktar is scheduled to attend the Gastech Exhibition and Conference in Houston, Texas, which will take place between Sept. 17-19.

Environment and Energy Minister Thodoros Skylakakis and Deputy Environment and Energy Minister Alexandra Sdoukou signed on Friday a ministerial decision promoting self-consumption of energy, either individually by all citizens and businesses of the country or jointly (by apartment buildings).

The Hellenic American Leadership Council (HALC) called on Thursday for the expedited completion of the planned Cyprus-Greece (Crete) electricity interconnection, the Great Sea Interconnector (GSI), saying it represents "the great potential of the Eastern Mediterranean as a political, economic and energy region."

Some of the wholesale electricity price hikes may well, after all, be absorbed by the market in August, as shown by Wednesday's announcement by Protergia - Greece's second largest provider - to keep tariffs unchanged from July levels. In addition, Protergia will also absorb the increases for small businesses, which cannot be subsidized without prior approval from the European Commission.

Development Minister Takis Theodorikakos chaired a meeting on Tuesday about the progress of construction of the fourth-generation technology park Thess INTEC in Thessaloniki, financed with 33 million euros from the Recovery Fund.

Theodorikakos ordered the immediate coordination of all the services of his ministry with those of the Energy Ministry and with Thess INTEC executives.

Energy Minister Alparslan Bayraktar held talks with his counterparts during the annual summit of the Shanghai Cooperation Organization (SCO) Kazakhstan's capital of Astana.

Bayraktar traveled to the Kazakh capital as part of the Turkish delegation, headed by President Recep Tayyip Erdoğan.

Türkiye was among the top 10 countries in the world in new hydropower installed capacity in 2023, according to a recent report by the International Hydropower Association (IHA).

Türkiye added 399 megawatts of new capacity, ranking first in Europe and eighth in the world. China topped the list with 6,749 megawatts, followed by Nigeria at 740 megawatts and Colombia at 643 megawatts.

The share of solar power in Türkiye's electricity generation reached an all-time high on June 16, the first day of the Eid al-Adha holiday, the Energy Ministry has said.

Türkiye produced 682,233 megawatts of electricity on June 16 and 109,501 of this was generated by solar power, according to Energy Minister Alparaslan Bayraktar.

The Energy Ministry is shifting from the shrinking and relocation of offshore wind farms to the definitive exclusion and transfer to a later stage of development, in order to prevent the relevant development program from becoming a field of conflict, leading to major delays.

Electricity consumers should expect further rate hikes in July after the price increase in the wholesale market, while a permanent threat for additional charges is the deficit of the renewables account (ELAPE), which the latest forecasts raise to 600 million euros by year-end, from €450 million in March.