Category: Energy
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Turkey Inks 20-Year, $43B Deal with Mercuria
On September 24, 2025, Turkey’s state-owned energy company BOTAŞ (Petroleum Pipeline Corporation) signed a 20-year liquefied natural gas (LNG) supply agreement with Swiss-based energy trading firm Mercuria Energy Group Ltd. The deal, announced by Turkish Energy Minister Alparslan Bayraktar, secures approximately 4 billion cubic meters (bcm) of US-sourced LNG annually, starting in 2026 and running…
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AI-Powered Virtual Power Plants Poised to Reshape Global Grids
The U.S. Department of Energy (DOE) projects that virtual power plants (VPPs) could triple by 2030 — helping offset AI-driven demand growth and saving billions of dollars. Tools such as NVIDIA’s AI Enterprise accelerate development of demand forecasting and grid-management applications, enabling utilities to modernize legacy systems without massive capital outlays. What is your most…
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Ørsted Secures Lifeline
On September 5, 2025, Ørsted, a Danish renewable energy company, received shareholder approval for a 60 billion Danish kroner ($9.4 billion) rights issue at an extraordinary general meeting. The rights issue, one of Europe’s largest, aims to strengthen Ørsted’s balance sheet and fund its 8.1 gigawatt offshore wind construction portfolio through 2027. What is your…
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Leviathan Gas Deal
The Leviathan natural gas field, located off Israel’s Mediterranean coast with reserves of approximately 600 billion cubic meters (bcm), has signed a $35 billion deal to supply Egypt with 130 bcm of natural gas through 2040, marking Israel’s largest export agreement to date. The deal, announced on August 7, 2025, by NewMed Energy (a 45.3%…
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Turkey’s Iraq Pipeline Strategy
The under-utilisation of an oil pipeline between Iraq and Turkey is unfortunate and Ankara wants a “new and vibrant phase” in the matter to benefit both parties and the region, a senior Turkish official told Reuters on Monday. In a presidential decision published in the Official Gazette earlier on Monday, Ankara said the Turkey-Iraq Crude…