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Kurdistan to cover 30% of Europe gas needs
Kurdistan could supply 30% of gas needs in Europe, Bas News cited Deputy Head of Natural Resources Committee in the Kurdistan Parliament Dilshad Sha’ban as saying, adding that “According to the plans of the Natural Resources Ministry, the Kurdistan Regional Government (KRG) will produce a surplus of natural gas that will be exported abroad in the next three years, and sold to Europe.”
It is worth highlighting that Kurdistan Region’s natural gas pipelines to Turkey are projected to be built soon.
“Recently, we met with the French Consul in the Kurdistan Region who emphasized that France and Europe in general are hoping the Kurdistan Region’s natural gas will fulfill a portion of their requirements,” Sha’ban noted.
Furthermore, there are more than 3.6 trillion cubic meters of natural gas deposits in the Kurdistan Region, according to estimates.
“Annually, the KRG spends $3 billion generating electricity,” Sha’ban noted, adding that “There is a plan to use Kurdish local natural gas to produce electricity in the first stage and then in the next stage, the gas will be exported abroad.”
“The Ministry of Natural Resources has signed an agreement with Exxon Mobil, Butash Oil, Genel Energy and some other companies in order to produce natural gas and soon production will start,” Sha’ban said.
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Kurdistan could supply 30% of gas needs in Europe, Bas News cited Deputy Head of Natural Resources Committee in the Kurdistan Parliament Dilshad Sha’ban as saying, adding that “According to the plans of the Natural Resources Ministry, the Kurdistan Regional Government (KRG) will produce a surplus of natural gas that will be exported abroad in the next three years, and sold to Europe.”
It is worth highlighting that Kurdistan Region’s natural gas pipelines to Turkey are projected to be built soon.
“Recently, we met with the French Consul in the Kurdistan Region who emphasized that France and Europe in general are hoping the Kurdistan Region’s natural gas will fulfill a portion of their requirements,” Sha’ban noted.
Furthermore, there are more than 3.6 trillion cubic meters of natural gas deposits in the Kurdistan Region, according to estimates.
“Annually, the KRG spends $3 billion generating electricity,” Sha’ban noted, adding that “There is a plan to use Kurdish local natural gas to produce electricity in the first stage and then in the next stage, the gas will be exported abroad.”
“The Ministry of Natural Resources has signed an agreement with Exxon Mobil, Butash Oil, Genel Energy and some other companies in order to produce natural gas and soon production will start,” Sha’ban said.
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