Priority to be given to shale gas for cheaper energy
by Uğur Becerikli
ISTANBULApr 19, 2015 - 12:00 am GMT+3
by Uğur Becerikli
Apr 19, 2015 12:00 am
Turkey is focusing on cheaper and higher quality energy in the second progress period. While also increasing rich resources such as lignite, Turkey will focus more on searching for shale gas as well. According to the energy target set as a part of the 2023 vision, Prime Minister Ahmet Davutoğlu announced that incentives for the privatization of the energy sector will continue. While Turkey increased its installed energy capacity from 32,000 to 69,000 megawatts in the second progress period, more importance will be given to cheaper and higher quality energy. Additionally, more extensive research will be conducted on shale gas. In searching for mines, critical raw materials will be a priority and certain limitations may be set for the mining of certain raw materials in order to be able to export rare mineral resources with higher added value. As a result, the period for selling raw materials for cheap and purchasing processed products for higher prices will come to an end. The capacity to store natural gas will increase along with the storage project for 1 billion cubic meters of natural gas under Salt Lake will be completed in 2017, and the second period will commence in 2019 with the Trans Adriatic Natural Gas Pipeline (TANAP) project. Through TANAP, Turkey will become the bridge between Asia and Europe, and a Special Energy Industry Zone with a capacity of 3,000 megawatts will be established on 6,000 hectares of land in Konya's Karapınar district.
While the foundations for the nuclear power plant in Akkuyu has been set and the preparation period for the one in Sinop is completed, steps will be taken for the third nuclear power plant. Along with nuclear energy, support for renewable energy resources will be increased and the capacities of renewable energy resources, such as solar energy and wind energy, will be increased. Moreover, the Mineral Research and Exploration Institute will be restructured in order to support local firms with high global competitive power and bureaucratic limitations will be decreased. Coordination between related institutes will be supported, and support will be provided for exploration; research & development will be increased as well.