The global demand for natural gas is expected to increase by 1.6%, y-o-y, for the next five years, with the consumption reaching almost 4,200 billion cubic meters (bcm) by 2025, up from 3,800 bcm in 2018.

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan joined the ceremony via videoconference. Energy and Natural Resources Minister Fatih Dönmez, ROSATOM Director General Alexey Likhachev and Akkuyu Nuclear JSC CEO Anastasia Zoteeva were present at the Akkuyu NPP site.

Turkey wind energy contributed to over 10% of the country's total electric production for the first time.

Turkey plans to invest a total of $9.3 billion (TL 66.56 billion) in electricity distribution during the upcoming five-year period

Turkey is a strategic European Union ally that helps the bloc's security and stability and provides diversification of energy resources,

Russia and Turkey signed an intergovernmental agreement in May 2010 for the construction of the Akkuyu nuclear power plant on the southern coast of Turkey in Mersin province,

Like the Nord Stream and Nord Stream 2 pipeline projects, TurkStream was designed to enable Russian gas to reach European markets without having to flow through Ukraine.

In a statement, Gazprom said its sales last month to the Far Abroad (Europe plus Turkey, minus the countries of the former Soviet Union) were 45.4% -- or 6.1 Bcm -- higher year on year.

Natural gas consumption countrywide increased both due to the rapidly falling temperatures and a rise in household gas consumption with time spent at home increased due to COVID-19 pandemic restrictions and lockdowns.

The Thor wind park will be built off the coast of Thorsminde at an estimated cost of DKK 15.5 billion (USD 2.53bn/EUR 2.08bn).