Shale gas by country

Indications of the existence of the largest natural gas deposit in the Mediterranean, with a size of 30 trillion cubic feet - Interest from energy giant Chevron to get involved in the project - Countdown to the start of test drilling by ExxonMobil

Türkiye, which has been working to reduce its dependency on imported energy, is now turning to extract large shale gas reserves estimated at 679 billion cubic meters.

As part of its efforts to diversify its energy resources, the country has already discovered 710 billion cubic meters of natural gas in the Black Sea and millions of barrels of oil in the southeastern Gabar region.

A new report by Global Energy Monitor and Bankwatch Network says Western Balkan countries will face difficulties in their plans for energy transition.

The natural gas discovered in the Black Sea will meet the consumption of households in Türkiye for 33 years, Energy and Natural Resources Minister Fatih Dönmez has said.

The production from the Black Sea field will reach its peak level in four years, which will help the country reduce its natural gas imports, he added.

"From 'We Continue the Change' we are against the extraction of shale gas in Bulgaria", the co-chairman of the party Kiril Petkov told bTV.

"Fracking technologies for extracting shale gas are much cleaner than Russian natural gas. Don't allow a handful of ill-informed activists who use arguments not based on facts to destroy your future," former US Secretary of State Mike Pompeo said today in Sofia, quoted by BTA.

Preliminary estimates indicate about 2.5 TCF of gas in place

Argentina on May 24 announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production.

In an area known as Vaca Muerta in Patagonia, Argentina has what is considered the second-largest shale gas reserve in the world and the fourth largest of shale oil.

Valeura plans to resume drilling in 2022 with a new partner in Turkey's gas-rich Thrace Basin, Sean Guest, the CEO of Canadian energy company Valeura, the operator and main partner in the unconventional gas accumulation play, revealed.

China's national oil corporation, the country's largest oil and gas supplier, discovered a record high of 1.84 billion tonnes of reserves in 2019.

More than 1 million tonnes of oil have been found in the Ordos basin, while over 1 trillion shale gas have been explored in the Sichuan and Tarim basins.