News World Erdogan set to unveil total size of Black Sea gas find

Erdogan set to unveil total size of Black Sea gas find

Turkish President Tayyip Erdogan has said he will announce the total size of gas reserves found in the country’s largest-ever discovery when he visits a drill ship in the Black Sea on Saturday.

In August, Erdogan hailed the discovery of a 320 billion cubic metre (bcm) Black Sea field about 100 nautical miles north of the Turkish coast.

He said at the time it was part of even bigger reserves and could come on stream as soon as 2023.

If the gas can be commercially extracted, it could lessen Turkey‘s dependence on Russia, Iran and Azerbaijan for energy imports.

“On Saturday we will go to the Fatih drill ship and announce the new reserve amount,” Erdogan said in a speech to his ruling AK Party lawmakers in parliament.

He also said another Turkish drill ship, Kanuni, had set off towards the Black Sea to begin operations there. It was not clear whether Kanuni would work in the same field as Fatih.

One source close to the matter said the first gas flow from the Black Sea, in what has been named the Sakarya gas field, was planned for January 2023 with annual gas flow of 15 bcm envisaged from 2025.

The current expectation was that an additional 80 bcm of reserves will be announced, but the result of two more important layers are also set to be announced, the source said.

“It is anticipated that there will be a very serious find there. There are many new areas which have been identified in the Black Sea,” he said.

The person added that after the first gas find was announced there were requests from two big Western companies to participate in joint production and extraction, but it has been decided that Turkish energy company TPAO will operate the field on its own.

TPAO was not immediately available for comment.

Before Erdogan’s announcement in August, one Turkish source said the expected reserve in the field was 800 billion cubic metres, meeting some 20 years of Turkey‘s needs.

Any reduction in Turkey‘s energy import bill, which stood at $41 billion last year, would boost government finances and help ease a chronic current account deficit which has helped drive the lira to record lows against the dollar.


Top Stories

Weather expected to be cloudy with local rains this week

The weather this week is expected to be cloudy with local rains, mainly in the afternoons. Tomorrow Tuesday the weather will be partly cloudy and...

1420 only for emergencies regarding COVID-19

Due to the increased number of telephone calls to the telephone center 1420 of the Ambulance Service, it is pointed out that the center...

Anastasiades-Tatar to meet in UN premises

Cyprus President Nicos Anastasiades and the new leader of the Turkish Cypriot community, Ersin Tatar, will meet in the UN premises in Nicosia. Government Spokesman,...

Four people sentenced to imprisonment for abduction

The Larnaca District Court today sentenced four people aged 42, 22, 24, and 19 to imprisonment for abducting a 27-year old last August in...

Post-mortem of newborn found dead difficult

The post-mortem of the newly-born baby found dead at a waste management unit in Pentakomo, Limassol is difficult due to the pressure the baby...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...