Shale gas

Türkiye, which has been working to reduce its dependency on imported energy, is now turning to extract large shale gas reserves estimated at 679 billion cubic meters.

As part of its efforts to diversify its energy resources, the country has already discovered 710 billion cubic meters of natural gas in the Black Sea and millions of barrels of oil in the southeastern Gabar region.

"From 'We Continue the Change' we are against the extraction of shale gas in Bulgaria", the co-chairman of the party Kiril Petkov told bTV.

"Fracking technologies for extracting shale gas are much cleaner than Russian natural gas. Don't allow a handful of ill-informed activists who use arguments not based on facts to destroy your future," former US Secretary of State Mike Pompeo said today in Sofia, quoted by BTA.

Argentina on May 24 announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production.

In an area known as Vaca Muerta in Patagonia, Argentina has what is considered the second-largest shale gas reserve in the world and the fourth largest of shale oil.

Valeura plans to resume drilling in 2022 with a new partner in Turkey's gas-rich Thrace Basin, Sean Guest, the CEO of Canadian energy company Valeura, the operator and main partner in the unconventional gas accumulation play, revealed.

China's national oil corporation, the country's largest oil and gas supplier, discovered a record high of 1.84 billion tonnes of reserves in 2019.

More than 1 million tonnes of oil have been found in the Ordos basin, while over 1 trillion shale gas have been explored in the Sichuan and Tarim basins.

With so many alternative suppliers in its neighborhood, Turkey should not worry about being dependent on imported gas, provided it can develop an energy strategy to secure competitive prices, the head of Turkish Association for Energy Economics has said. 

Britain on Oct. 6 approved a shale gas fracking project in the north of England, overruling a local council's decision to prevent the controversial scheme which is also opposed by environmentalists.

Communities Secretary Sajid Javid gave the green light for the drilling of up to four wells by energy group Cuadrilla at the Preston New Road site.

Turkey imported 83 million cubic meters of liquefied natural gas from the United States in January after the latter became an LNG exporter with its shale gas resources, state-run Anadolu Agency reported based on information from the Turkish Energy Market Regulatory Authority (EPDK).

The first international shipment of liquefied natural gas in decades from the lower 48 states is poised to leave for Brazil from Louisiana.