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U.S. Ambassador: U.S. Geological Survey has completed study of
Armenia's shale gas resources
Wednesday, May 22, 12:59
U.S. Geological Survey representatives have completed study of
Armenia's shale gas resources, U.S. Ambassador to Armenia John Heffern
said in response to ArmInfo's question, Wednesday.
He said that the U.S. specialists launched their work last year. Now,
they are in Washington to process the data received. Thematic survey
results will be presented to the Government of Armenia later, the
ambassador said.
To recall, on August 3 2012, a memorandum of understanding was signed
between the Armenian Ministry of Energy and Natural Resources and the
Isle of Man-registered International Minerals & Mines Ltd. It is
paving the way for the exploration of Armenia's shale reserves. Should
large-scale commercial extraction proceed, Armenia's energy find could
grant the country a measure of energy independence and, with it,
newfound geopolitical freedom.
The Aug. 3 deal comes on the heels of another agreement between the
Energy Ministry and the U.S. State Department in June to cooperate in
energy exploration, commercialization and investment. This agreement
plans "cooperative assessment and technical studies of Armenia's
energy resources, including any potential shale gas resources."
According to the Armenian energy ministry, the August agreement is the
result of an international shale gas conference sponsored by the U.S.
government, which has offered exploration grants to Armenia and other
countries. Previous assessments suggest Armenia's hydrocarbon reserves
are small. The US Geological Survey, which is identified in the June
memorandum as a technical partner in the joint effort, identified 44
million tons of in-place shale oil reserves in the
Aramus region based on a 1994 study. The Armenian government, however,
raised the figure in a 2005 report (.pdf), listing 17 million to 18
million tons of shale oil reserves in Ijevan, Shamut and Jermanis and
128 million tons in Dilijan, reports the World Politics Review.
http://www.arminfo.am/index.cfm?objectid=123B30E0-C2BE-11E2-96F3F6327207157C
Armenia's shale gas resources
Wednesday, May 22, 12:59
U.S. Geological Survey representatives have completed study of
Armenia's shale gas resources, U.S. Ambassador to Armenia John Heffern
said in response to ArmInfo's question, Wednesday.
He said that the U.S. specialists launched their work last year. Now,
they are in Washington to process the data received. Thematic survey
results will be presented to the Government of Armenia later, the
ambassador said.
To recall, on August 3 2012, a memorandum of understanding was signed
between the Armenian Ministry of Energy and Natural Resources and the
Isle of Man-registered International Minerals & Mines Ltd. It is
paving the way for the exploration of Armenia's shale reserves. Should
large-scale commercial extraction proceed, Armenia's energy find could
grant the country a measure of energy independence and, with it,
newfound geopolitical freedom.
The Aug. 3 deal comes on the heels of another agreement between the
Energy Ministry and the U.S. State Department in June to cooperate in
energy exploration, commercialization and investment. This agreement
plans "cooperative assessment and technical studies of Armenia's
energy resources, including any potential shale gas resources."
According to the Armenian energy ministry, the August agreement is the
result of an international shale gas conference sponsored by the U.S.
government, which has offered exploration grants to Armenia and other
countries. Previous assessments suggest Armenia's hydrocarbon reserves
are small. The US Geological Survey, which is identified in the June
memorandum as a technical partner in the joint effort, identified 44
million tons of in-place shale oil reserves in the
Aramus region based on a 1994 study. The Armenian government, however,
raised the figure in a 2005 report (.pdf), listing 17 million to 18
million tons of shale oil reserves in Ijevan, Shamut and Jermanis and
128 million tons in Dilijan, reports the World Politics Review.
http://www.arminfo.am/index.cfm?objectid=123B30E0-C2BE-11E2-96F3F6327207157C