Minister says no natural gas hikes for October

Yıldız explained that two main factors -- the price of crude oil and exchange rates -- determine gasoline and natural gas prices in the country

Minister says no natural gas hikes for October

There will be no hikes to the price of natural gas in October, Energy Minister Taner Yıldız told reporters on Wednesday. Yıldız explained that two main factors -- the price of crude oil and exchange rates -- determine gasoline and natural gas prices in the country. “A third factor is supply and demand and how this affects the pricing mechanism. We are also trying to balance high import costs with energy generated [locally] from renewable resources.”

He also announced that the ministry is hopeful petroleum will be found around the cities of Antalya, Mersin and İskenderun, but if it is not, companies will be granted licenses to search for shale gas. However, he noted that there are not currently many applications for shale gas exploration permits.

Cihan

Last Mod: 25 Eylül 2013, 20:52
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