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    Hurriyet Daily News: Turkey’s shale gas chance

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Summary

Turkey, which spends an annual 60 billion dollars on energy imports, has a great opportunity ahead due to shale gas.

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Press Notes

Hurriyet Daily News: Turkey’s shale gas chance

Following Energy Minister Taner Yıldız’s recent announcement that indications of possible shale gas resources had been found in the Central Anatolian provinces of Ankara, Konya and Kırşehir, we started to frequently talk about a “shale revolution.” 

A shale revolution, which would change the entire energy equation of the world, according to the International Energy Agency’s Chief Economist Fatih Birol, has finally turned up. When I scanned my personal archives, I found a former article of mine written in April 2012 on that subject. 

In that article, I gave some figures that were mentioned in a meeting held in Istanbul with the cooperation of Sabancı University and MIT Energy Enterprise. During the meeting, MIT professor Melanie Kenderdine said that Turkey’s shale gas potential was estimated to be around 420 billion cubic meters, which corresponds to the 10-year energy needs of Turkey.  MORE