May 19, 2025 (MarketLine via COMTEX) --
The amount of gas will allow the country to meet residential demand for around 3.5 years.
TA 1/4rkiye has unveiled a natural gas discovery in the Black Sea, with reserves estimated at 75 billion cubic metres (bcm).
President Recep Tayyip Erdogan announced the discovery, highlighting its potential to bolster the nation's energy independence and economic strength.
Erdogan said: "We have discovered a new natural gas reserve of 75bcm in the field. With this amount, we will be able to meet the residential demand alone for approximately 3.5 years."
He added: "Our work at the Goktepe-3 well (in the Black Sea), which began on 27 March with our seventh-generation drilling ship Abdulhamid Han, was completed as of yesterday."
The president underscored the $30bn economic value of the new gas reserve, which will be developed using a floating production platform as part of the Sakarya Project.
Erdogan noted that the first phase of production in the Black Sea has been completed, delivering 9.5 million cubic metres of gas daily.
This volume is sufficient to meet the needs of four million households.
He outlined ambitious targets to double this production by 2026 and to quadruple it by 2028.
The president stated that drilling operations are proceeding at pace.
He mentioned that TA 1/4rkiye has expanded its fleet and established both domestic and international partnerships to further its goal of energy independence.
Turkish survey and drilling ships are reported to have been operating in distant locations including Somalia.
Erdogan added: "From nuclear energy to hydroelectric, from wind to geothermal, from solar energy to oil and natural gas, we have made significant investments in every field. We are striving to unlock our countryaEUR(TM)s true potential in this area."
He further stated: "Our discovery in the Sakarya Gas Field has been, quite literally, a turning point for our nation."
Turkey is also exploring and producing hydrocarbons in three blocks in Somalia, representing a combined area of 5,000kmA.
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COMTEX_465630102/2227/2025-05-19T09:35:04
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