Kurdistan Plans to Export 10 Billion Cubic Meters of Gas to Turkey by 2020
December 01 2015 - 07:36AM
Dow Jones News
By Alex MacDonald
LONDON--Kurdistan plans to export as much as 10 billion cubic
meters of natural gas to Turkey by 2020 and 20 billion cubic meters
of gas thereafter, said the natural resources minister for the
Kurdistan regional government of Iraq.
Minister Ashti Hawrami told an audience at a conference here
that his regional government is working with companies such as the
U.K.'s Genel Energy PLC and Spain's Respol SA to fulfill the
details of a natural gas agreement signed with Turkey in 2013.
The government's priority is to first sell gas domestically in
order to supply future gas fired power stations. But it also wants
to export gas in order to generate the revenues needed to continue
growing its own economy, a ministry official said. The gas sold to
Turkey could then be exported to the European Union, he added.
Kurdistan is also considering the possibility of product swaps
with Iran once sanctions are lifted, the official said.
Write to Alex MacDonald at alex.macdonald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 01, 2015 07:21 ET (12:21 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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