THE ADVANTAGES AND DISADVANTAGES OF THE PRODUCTION OF SHALE GAS POTENTIAL: THE CASE OF TURKEY

Turgut Bayramoğlu () and Yilmaz Onur Ari̇ ()
Additional contact information
Turgut Bayramoğlu: Dr. Bayburt University, Economics Department, Bayburt
Yilmaz Onur Ari̇: Research Assistant, Bayburt University, Economics Department, Bayburt

Global Economic Observer, 2015, vol. 3, issue 2, 4-11

Abstract: Energy is a main input for economy. Because of an increase in other fossil fuels’ prices and it’s accepted as an important resource for energy supply for the countries which don’t have enough oil and natural gas resources, shale gas became a current issue in the world. Technically producable shale gas in the world is about 6.621 bcm (billion cubic meter). We can say that this amount may be higher if unsought areas are added. Turkey is one of the countries which has shale gas potential. According to a report published by EIA in 2011, Turkey has approximately 424 billion cubic meter shale gas reserves. This shale gas potential can reduce Turkey’s energy dependence if we think of the fact that annual natural gas consumption of Turkey is 46 bcm. Despite all, production of shale gas has not been searched in terms of it’s advantages and disadvantages. The aim of this study is to present the advantages and disadvantages of shales gas for the world and Turkey. Reducing energy dependence, supporting a more clean energy than coal, balancing the oil prices are some advantages. Nevertheless, it’s a fossil fuel, it’s production is expensive and it gets negative social and environmental reactions

Keywords: Shale gas; Energy Economics; Turkey; Advantages and Disadvantages of Shale Gas. (search for similar items in EconPapers)
Date: 2015-11
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.globeco.ro/wp-content/uploads/vol/split ... vol3_no2_art_001.pdf First version, 2015 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol3-iss2-15-004

Access Statistics for this article

Global Economic Observer is currently edited by Serghei Margulescu and Simona Moagar-Poladian

More articles in Global Economic Observer from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC., Institute for World Economy of the Romanian Academy
Bibliographic data for series maintained by Stefan Ciucu ( this e-mail address is bad, please contact ).