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Kurdistan Plans to Export 10 Billion Cubic Meters of Gas to Turkey by 2020
12/01/15 07:21 AM EST
By Alex MacDonald
http://www.morningstar.com/news/dow-jones/TDJNDN_201512014430/kurdistan-plans-to-export-10-billion-cubic-meters-of-gas-to-turkey-by-2020.html

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.


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