Turkish President Recep Tayyip Erdoğan has announced the discovery of an additional 58bn m3 of natural gas in the Black Sea.
Turkish President Recep Tayyip Erdoğan on Monday announced the discovery of an additional 58bn m3 of natural gas in the Black Sea.
“Our drill ship Fatih has explored 58 billion cubic meters of natural gas reserves, 3,023 meters under the sea, at the Çaycuma 1 block” said Turkish President Recep Tayyip Erdogan following a Cabinet meeting at the Presidential Complex in Ankara.
Stressing that Türkiye’s natural gas reserve in the Black Sea totals 710 billion cubic meters with a market value of $1 trillion, Erdoğan said the country’s ultimate goal is to declare energy independence from foreign oil and natural gas as soon as possible.
“Our new exploration will pave the way for similar explorations in other geological fields adjacent to the region. We will launch new drilling as soon as possible” he added.