Erdogan promises to start gas production in the Black Sea by 2023

Erdogan promises to start gas production in the Black Sea by 2023

Turkey can turn from a large consumer of natural gas into its supplier. Recent studies have increased the proven reserves of a new field in the Black Sea to 405 billion cubic meters of gas.

As the Anadolu Agency reported, President of Turkey Recep Tayyip Erdogan announced new reserves of natural gas during his visit to the Fatih drilling vessel, operating at the promising Sakarya field in the Turkish sector of the Black Sea.

According to him, new drilling operations make it possible to speak about larger gas reserves at the largest gas field in the history of the country.

“If on August 21 this year we announced the discovery of 320 billion cubic meters of gas in the Black Sea, then recent studies have increased the proven reserves of the new field by another 85 billion cubic meters”, Erdogan said.

The Turkish President noted that Ankara’s goal is to start producing gas from a new field in the Black Sea by 2023.

The head of state promised that Turkey will continue exploration and drilling in the Black and Mediterranean Seas.

Turkey’s transformation from a gas consumer to a gas supplier will have a great impact on the European gas market. At the very least, this will significantly increase competition for gas exporters in the Old World.

Nury AMANOV

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