
Energy Minister Alparslan Bayraktar announces participation in controversial diesel agreement and relies on domestic gas production in the Black Sea.
AI-generated summary
Turkey is heavily dependent on imports for its energy needs. The country is currently trying to reduce dependence through its own exploration in the Black Sea.
Turkey wants to benefit from the controversial diesel agreement between the USA and Russia. The deal between the two countries is important for Turkey's energy security, Energy Minister Alparslan Bayraktar told the Turkish "Channel 7". Referring to the agreement, the minister said: "Through the discussions we are conducting, we will bring some of this diesel to Turkey." Bayraktar did not provide further details.
The agreement was sharply criticized by Ukrainian President Volodymyr Zelensky, European politicians and some of Trump's Republican party colleagues.
Bayraktar also announced that Turkey wants to massively expand its domestic gas production. A second floating gas production platform is scheduled to be put into operation in the first quarter of 2028. This will increase the daily production volume in the Black Sea to 45 million cubic meters. “We will then use our own gas in three out of four households in Turkey,” said the minister.
On Saturday, Turkey sent its first floating production platform, the “Osman Gazi,” into the Black Sea. This move is expected to more than double daily production from the largest domestic gas field, Sakarya, from the current 9.5 million to 20 million cubic meters.
Turkey is one of the largest gas markets in Europe and has so far been almost entirely dependent on imports for its needs. Last year, the country consumed 59 billion cubic meters of gas, while domestic production was only 3.1 billion cubic meters. Bayraktar also said planned hydrocarbon exploration off the coast of Pakistan had been delayed by about six months due to the impact of the Iran war on the region.
AI outlook — possibilities, not facts
Commissioning of the second floating gas production platform in the first quarter of 2028.
Likely · Within years

Turkey plans to use talks to import some diesel from a deal between the US and Russia. In addition, Energy Minister Alparslan Bayraktar wants to massively expand domestic gas production in the Black Sea through new platforms.

Due to rising network charges and higher wholesale prices as a result of the Iran war, consumers in Germany are threatened with significant price increases for electricity and gas at the turn of the year. There are significant regional differences.

As part of the EEG reform, the federal government is planning to limit lease payments for wind turbines to 3.5 percent of electricity revenues in order to ease the burden on the federal budget. While the AGDW association warns against resistance and a halt to expansion, the VKU supports the measure.

According to Verivox calculations, network fees for electricity and gas will rise slightly in the coming year, although there are large regional differences. Additional price increases are threatened by increased wholesale prices.

The electricity tax cut announced by Chancellor Friedrich Merz is at risk due to tight budget resources. The think tank Epico suggests pre-financing climate investments through the European Investment Bank in order to free up budget resources for relief.

China's diesel exports rose 262.3 percent year-on-year to 1.85 million tons in September, the highest in over three years. Overall, exports of refined oil products rose 39.4 percent to 7.16 million tons after the government previously imposed export restrictions in March and eased them again in July.