Turkey announces gas discovery in Black Sea

  • Date: 23-Aug-2020
  • Source: Jordan Times
  • Sector:Oil & Gas
  • Country:Oman
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Turkey announces gas discovery in Black Sea

ISTANBUL “” President Recep Tayyip Erdogan on Friday said Turkey had made a historic discovery of gas in the Black Sea, but would still speed up contentious exploration in the Mediterranean that has pitted it against Greece and the EU.

Turkey hopes the discovery can help wean it off imported energy, including from Russia, which comes at a high cost at a time when the local currency is weakening and the economy is more fragile because of the coronavirus.

Erdogan said the 320-billion-cubic-metre deep sea find was made at a site Turkish vessel Fatih began exploring last month.

He added that he hoped to see the first gas reach Turkish consumers in 2023, the 100th anniversary of the birth of the modern republic.

"Turkey made the biggest discovery of natural gas in its history