Turkey Archives - Energy Update

Turkey Defers $600-Million Payment For Russian Energy To 2024

May 11, 2023May 11, 2023 Admin

Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on Wednesday. Last week, Turkey’s Energy Minister Fatih Donmez said that the country had reached a deal with Russian gas giant Gazprom to defer part of the payments

Turkey Aims to Produce Electricity From Domestic Wind Turbines in 2 Years

April 15, 2023April 15, 2023 Admin

Intending to domestically produce wind turbines and contribute to Türkiye’s path toward increasing renewables’ share in electricity generation, Kalyon Holding has signed a preliminary agreement with defense giant Aselsan, its Chairperson Cemal Kalyoncu said Thursday.