Turkey says use of shale gas not possible before 2020

Energy Minister Taner Yıldız confirmed that Turkey would not be able to locate and properly extract its predicted shale gas reserves before 2020.

Turkey says use of shale gas not possible before 2020

Energy Minister Taner Yıldız confirmed that Turkey would not be able to locate and properly extract its predicted shale gas reserves before 2020, addressing reporters on Monday who asked if analyses that say it would take about 15 more years for Turkey to realize its shale gas potential were true.

Speaking to reporters following a meeting with the Union of Natural Gas Distribution Companies (GAZBİR), Yıldız noted that data from the International Energy Agency (IEA) also suggest that shale gas in the country cannot be used before 2020 as it would take between three to 15 years to study the feasibility of such a project while attracting international investments. “Right now we are in the R&D phase. The IEA report indicates that there is a reserve of around 680 billion cubic meters that can meet Turkey's demand for 15 years but we can only confirm that after explorations are completed. We prefer to adopt a cautious approach in order to not create false hopes among our citizens and to maintain our current economic conditions,” he said.

However, Yıldız stated that the ministry will send a committee to the US and Canada in July to research and examine the practices used by these countries to extract the gas in a way that also protects the environment. “The committee will look into the shale gas technology used in these counties as well as hold meetings with companies and institutions that take part in exploration, production and inspection phases on the field. Legal procedures and inspections mechanisms as well as environmental effects will be studied. The committee will also talk to legal consultation firms that deal with shale gas issues. The experience of the committee will shed light on future gas practices in the country.”

He explained that the shale gas studies also aim to use Turkey's own resources in line with the government's efforts to increase renewable resources towards meeting its energy needs, adding: “I hope people don't go out protesting our decisions on Turkey's energy policies. Our target is to reduce energy imports, and if people attempt to limit such a policy, then I could easily say that that is the work of natural gas import lobbies.”

“There are also concrete studies being done by a private company in the province of Yozgat to explore uranium mining and we will give all the logistic support needed for the private sector to export uranium,” Yıldız concluded.

Cihan

Güncelleme Tarihi: 02 Temmuz 2013, 09:30
YORUM EKLE