Turkey Black Sea Gas Map. Erdogan said in August the field contained 320 billion cubic metres of gas making it Turkeys biggest natural gas discovery. ANKARA Bloomberg - President Recep Tayyip Erdogan said Turkey has found 320 billion cubic meters of natural gas in the biggest ever discovery in the Black Sea and hopes to begin production by 2023.
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His statement announcing the discovery of 320 billion cubic meters of natural gas reserves in the Black Sea and his emphasis on the other exploration continuing in the Eastern Mediterranean has attracted the attention of many countries including Greece. After an initial rally the lira slipped back resuming its months-long battle against decline. In other words what Erdoğan declares as a watershed moment if fulfilled makes Turkey the equivalent in natural gas.
After an initial rally the lira slipped back resuming its months-long battle against decline.
There is a natural gas finding in the Tuna 1 well the source said. The need to reduce Turkeys hefty energy import bill has fueled intense gas explorations in the Black Sea as well as a controversial quest for hydrocarbons in the Eastern MediterraneanThe Turkish current account deficit fueled by expensive energy imports has been a chronic problem for the Turkish economyThis is particularly so this year when Turkeys economy is sharply. Turkeys President Recep Tayyip Erdogan announced on August 21 a major 320 billion cubic meters bcm over 11 trillion cubic feet tcf lean natural gas find in the countrys EEZ at the Tuna-1 well in the Black Sea. Turkey has found significant gas resources in the Black Sea.
