The Turkish branch of Azeri energy giant SOCAR will open the Petlim Container Port in the Aegean Sea this September to become an alternative to Greece’s Piraeus Port for container shipments, according to Kenan Yavuz, the head of SOCAR Turkey and a board member of Petkim Petrochemical Holding.
“The Petlim Container Port will be commissioned in September this year. Investments attracted for the construction of the port stand at $400 million … The most important advantage of the port is that it will become a great alternative to the Piraeus Port on the Aegean Sea and we’ll be accepting the biggest container ships to our port,” Yavuz said in his speech at the 22nd International Caspian Oil and Gas Exhibition in Baku Expo Center on June 2, the company said in a written statement.
The Petlim Container Port will be operated by Dutch company APM Terminals, one of the world’s leading companies in the field, for the next 28 years, he also said.
SOCAR Turkey also plans to build a refinery on the Petkim Peninsula with the aim of integrating refinery, petrochemical and logistical operations at the site. The investments worth around $10 billion at the site have been made within the framework of Petkim’s Value-Site 2023 Project.
“The Petkim Peninsula will become one of the largest production centers in Europe by 2018,” Yavuz said.
Touching upon the Star refinery that is being constructed by SOCAR in the Petkim Peninsula, Yavuz said its construction will be completed at the end of 2017 and the refinery will produce its first products in early 2018.
Some 20 percent of construction works have already been completed at the refinery, he added.
Yavuz also revealed SOCAR’s plans to produce electricity at the Petkim Peninsula.
He said SOCAR plans to produce 1,500 megawatt of electricity from two power plans – a 300-megawatt coal thermal power plant and a 51 megawatt wind power plant.
The construction of both plants has already started and they will be commissioned in 2016.
“The electricity produced at these plants will be used for meeting the needs of the Petkim Petrochemical Holding, Star Refinery and Petlim Port. The export of electricity will be possible as well,” he added.
Russia’s Gazprom has said all commercial conditions for a contract with Turkey’s state-owned crude oil and natural gas pipeline company Botaş had been agreed.
“The price might be agreed to by the end of June,” said Gazprom deputy head Alexander Medvedev on June 9, as quoted by Reuters.
Russia’s top gas producer plans to export between 153 billion and 155 billion cubic meters (bcm) to the European Union and Turkey this year. Gazprom sees an average price for gas supplies to the EU and Turkey at $240-$245 per 1,000 cubic meters, he said at a conference.
Turkish Botaş is the biggest importer of Russian gas, with price discount negotiations still underway.
In February, Turkish Energy Minister Taner Yıldız said after complex and lengthy negotiations Russia had agreed to give Turkey a discount of 10.25 percent on gas supplies. The parties have, however, not signed the agreement, as they did not agree on technical details and price formulation, according to sector sources.
Gazprom, however, agreed in May to provide discounts on Russian gas to private Turkish companies after months of negotiations.
The parties agreed to reduce the price from $374 per 1,000 cubic meters to $300 in the first quarter of the year. In the second quarter the price will be reduced to $260.
The intergovernmental agreement between Russia and Turkey on the Turkish Stream construction may be signed before year’s end, Medvedev also said at the conference, as quoted by Russia’s TASS.
EMRA, accepted wind license applications after a gap of eight years and received 1,096 applications for 3,000 MW connection capacity, declared by the TSO TEİAŞ. The record is in Çanakkale, which has reached 5,500 MW with 115 applications. Çanakkale is followed by Balıkesir with 102 applications and the Karaman – Mersin region with 80 applications.
EMRA had announced that it expected around 1,400 applications for the preliminary licenses for wind plants, which are being applied for after a gap of eight years. According to the data of TEİAŞ, as of 30 April 2015, the total installed capacity of the wind plants in operation has reached 3,807 MW, while the number of plants is shown on the records as 92. Wind plants constitute 5.3% of the total installed capacity of 70,558 MW.
Energy minister Taner Yıldız stated that the existing 4 units of Afsin – Elbistan coal fired power plant would be rehabilitated and 2 additional units, each having a capacity of 360 MW would be built with an investment of USD 3.6 billion. Minister Yıldız gave the statements after ceremony organized for the agreement which has been signed for the transfer of the Afşin-Elbistan “A” Plant to ERG Inşaat A.S, for 20 years.
On behalf of the organizing teams, Informa Exhibitions and Istanbul REstate, we would like to take this opportunity to thank all of our partners, sponsors, speakers, exhibitors and delegates for helping us make the All Energy Turkey conference a great success.
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On behalf of the organizing teams, Informa Exhibitions and Istanbul REstate, we would like to take this opportunity to thank all of our partners, sponsors, speakers, exhibitors and delegates for helping us make the All E On behalf of the organizing teams, Informa Exhibitions and Istanbul REstate, we would like to take this opportunity to thank all of our partners, sponsors, speakers, exhibitors and delegates for helping us make the All E
For the 28th August – 3 September period, the average electricity demand decreased by 3% compared to the previous week due to the decrease in the weekly average temperature by 5.1%. Additionally, for the same period, the average wind generation increased by 59% compared to the 21st – 27th August period. Despite the above mentioned improvements which were expected to have a decreasing effect on the average electricity price, the weekly average DAMP for the 28th August – 3rd September period remained unchanged due to the decrease recorded for the average avaliable thermal power.
On Thursday, the 28th of August, due to the decrease in the electricity demand and the increase in the daily wind generation by 143% compared to the previous day, the DAMP decreased by 1.8% and realized at 187.47 TL/MWh level. On Friday, the 29th of August, due to the decrease in the average temperature, the electricity demand decreased by 2% compared to the previous day. On the same day, despite a decrease of 3.3% in the daily available thermal power, the DAMP decreased by 5.2% and realized at 177.78 TL/MWh level due to the decreasing electrity demand and continuing increase in the daily wind generation. (more…)
For 7- day period that runs between the 14 – 20 August, the average electricity prices increased by 2.9% compared to the previous week due to the increasing temperature. For the same period, the average hydro generation increased by 5.2% while the average wind generation decreased by 12.8% compared to the previous week.
On Thursday, the 14th of August, a limited increase was observed in the electricity demand and daily wind generation decreased by 53% compared to the previous day. Consequently, the DAMP increased by 2.2% and realized at 183.24 TL/MWh level. (more…)
The All Energy Turkey press conference was held on the 19th of August 2014 at the Swissotel Bosphorus in Istanbul, Turkey. Our renowned speakers included: Continue reading