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GENL Genel Energy Plc

92.70
2.90 (3.23%)
13 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Genel Energy Plc LSE:GENL London Ordinary Share JE00B55Q3P39 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.90 3.23% 92.70 92.60 93.60 93.80 90.00 90.00 547,031 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 84.8M -5.6M -0.0200 -46.55 260.12M

Kurdistan Plans to Export 10 Billion Cubic Meters of Gas to Turkey by 2020

01/12/2015 12:36pm

Dow Jones News


Genel Energy (LSE:GENL)
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From May 2019 to May 2024

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By Alex MacDonald

 

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.

 

Write to Alex MacDonald at alex.macdonald@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

December 01, 2015 07:21 ET (12:21 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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