Minister of Energy and Natural Resources Alparslan Bayraktar will announce Türkiye's new energy road map to the public at the launch event to be held in Dolmabahçe.
AI-generated summary
Türkiye aims to transform its energy system in line with its 2053 net zero emissions target.
According to the statement made by the Ministry of Energy and Natural Resources, the "National Energy 2040" vision, which reveals Türkiye's new energy architecture, will be announced to the public before the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31) to be held in Antalya.
Minister Bayraktar will announce the details of Türkiye's new road map in the field of energy at the launch to be held at the Presidential Dolmabahçe Working Office in Istanbul tomorrow.
Senior managers of public and private sector organizations, representatives of non-governmental organizations and managers of national and international media organizations will participate in the program.
Commenting on the "National Energy 2040" vision before the launch, Bayraktar stated that the world has recently faced various challenges in many areas, especially in energy.
Bayraktar stated that they prepared the new energy vision by taking into account Türkiye's future needs and targets in the light of global developments and said, "In line with the Turkey Century vision, we are working with the goal of 'Fully Independent Turkey in Energy'. Our goal of full independence in energy requires us to transform the whole system together, from production to transmission, from distribution to consumption." he said.
"We will increase electrification in every field"
Pointing out that the demand for electricity is increasing in Türkiye as well as all over the world, Bayraktar stated that electrification will be at the center of the "National Energy 2040" vision and said:
"The demand for electricity is increasing in our country as well as all over the world. In this context, electrification will be at the center of our new energy architecture. We are entering a new era in which the use of electricity will increase in all areas of our economy, from industry to transportation, from buildings to agriculture. We will increase electrification in every field."
Bayraktar emphasized that the infrastructure in this field should be strengthened as electrification becomes widespread and energy markets transform, and said, "With National Energy 2040, we foresee billions of dollars of investment from electricity production to infrastructure." made his assessment.
70 percent target in renewable energy
Bayraktar stated that renewable energy will have an important place in the "National Energy 2040" vision and stated that renewable energy sources contribute to supply security and reduce foreign dependency.
Pointing out that renewable energy also coincides with Türkiye's 2053 net zero emission target, Bayraktar said:
"Renewable energy contributes to our security of supply while reducing our dependence on foreign sources as a domestic resource. In addition, it fully coincides with our 2053 net zero emission target. In this respect, we have very big targets in the field of renewable energy. By 2040, Türkiye will provide approximately 70 percent of its energy from renewable energy sources."
"We will share the ambitious targets with our counterparts at COP31"
Bayraktar stated that they will share the targets in the "National Energy 2040" vision with their international counterparts within the scope of COP31 to be held in Antalya on 9-20 November.
Stating that he will make evaluations about Türkiye's new energy system, as well as the targets they will announce at the launch, Bayraktar said, "We will share the ambitious targets we will announce at the launch with our interlocutors in Antalya. We will explain the more resilient, more flexible and safer energy system we will establish. In addition, we will emphasize the importance of connectivity on a regional and global scale." he said.
AI outlook — possibilities, not facts
National Energy 2040 vision will be announced to the public in Dolmabahçe
Very likely · Within hours
Targets will be shared with international counterparts at COP31
Very likely · Within months

Minister of Energy and Natural Resources Alparslan Bayraktar announced that electrification will increase within the scope of the National Energy 2040 vision and 70 percent of energy will be provided from renewable sources in 2040.

Oil prices in global markets; The Congressional midterm elections in the USA rose due to the conflicting statements between Washington and Tehran and the impact of decreasing crude oil stocks.
Brent oil price rose to $103.96. Signs of a possible peace agreement between the USA and Iran and stock reduction data from the American Petroleum Institute support prices. Trump said relations with Iran are excellent and he has no plans to attack.

During AKP President Recep Tayyip Erdoğan's visit to Seoul, four agreements were signed between Türkiye and South Korea in the fields of science, technology, natural resources, mining, energy and nuclear energy. Türkiye aims to increase its nuclear energy capacity to 20 thousand megawatts by 2050. The 60-year operating life of the Akkuyu nuclear power plant can be extended by 20 years.

Fuel prices continue to be affected by exchange rate, oil prices and tax increases. Current prices as of October 4: On the European side of Istanbul, gasoline is 80.50 TL, diesel is 100.50 TL, LPG is 50.70 TL; On the Anatolian side of Istanbul, gasoline is 80.30 TL, diesel is 100.30 TL, LPG is 50.10 TL; In Ankara, gasoline is 81.50 TL, diesel is 101.60 TL, LPG is 50.79 TL; In Izmir, gasoline is 81.70 TL, diesel is 101.90 TL, LPG is 50.70 TL.
Oil prices fluctuated after a two-day decline on mixed signals about the progress of peace talks between the United States and Iran. Brent traded around $104 and WTI around $97. Iran's National Security Director stated that the US response was not satisfactory.