Turkey announced on Monday a new natural gas discovery in the Black Sea and upgraded estimates for an already discovered field in the basin, in what could be a major step for the country in slashing gas imports and diversifying its energy sources.
Turkey announced on Monday a new natural gas discovery in the Black Sea.
Turkey’s natural gas reserves in the Black Sea have now increased to 710 billion cubic meters , Turkish President Recep Tayyip Erdogan said on Monday. “As a result of the analysis of the data, we have revised the previously declared 540 billion cubic-metre reserve to 652 billion cubic metres,” Erdogan was quoted as saying by“With our new discovery at Caycuma-1, our gas reserve in the Black Sea has risen by 170 billion cubic metres to 710 billion cubic metres,” said Erdogan.
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