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May 27, 2012
 
 
 
 
 
 

Minister Yıldız: Oil shale no obstacle for Nabucco project

Taner Yıldız
14 May 2010 / TODAY’S ZAMAN, İSTANBUL
Turkish Minister of Energy and Natural Resources Taner Yıldız said on Thursday the increasing importance of unconventional energy resources in Turkey such as oil shale would not negatively affect the planned Nabucco project, intended to supply gas from the Caspian Sea region to Europe.
Yıldız was speaking to reporters following his meeting with Romanian Minister of Economy, Trade and the Business Environment Adriean Videanu in Istanbul.

The minister said unconventional energy resources would instead have a positive influence on the natural gas supply to the domestic market and that Nabucco is not to be affected by this.

“It will have a positive impact on countries like Turkey which are heavily dependent on foreign energy resources. We have said many times that big projects like Nabucco should be thought of in the long term. Nabucco is an important project for the security of the gas supply in Europe,” he explained. Yıldız noted that Romania and Turkey were planning to form a joint team that will convene in İstanbul, Bucharest and Constanza next month to assess opportunities to boost relations.

Guest minister Videanu said Romania was willing to develop joint policies with Turkey, noting that a political roadmap should be devised.

The Turkish Parliament on March 4 approved a bill on a deal signed by Austria, Bulgaria, Hungary, Romania and Turkey to launch the Nabucco pipeline project, which will link Europe to the Caspian Sea region. The project is considered a key to reducing Europe’s energy dependence on Russia. Under the law approved by Parliament, the Nabucco pipeline will carry Caspian natural gas to Austria through Turkey, Bulgaria, Romania and Hungary.

 
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