Turkey unveils new discovery: $30B natural gas reserve in the Black Sea
Published May 17th, 2025 - 07:05 GMT
ALBAWABA – Turkey has discovered a new natural gas reserve of 75 billion cubic meters in the Black Sea, valued at approximately $30 billion. Also Read UAE opens first crypto-friendly gas stations Turkey's new natural gas reserve
According to Turkey's President, Recep Tayyip Erdogan, the country has unveiled its latest discovery: a new natural gas reserve in the Black Sea. The reserve is valued at nearly $30 billion and contains approximately 75 billion cubic meters of gas. President Erdogan stated that the reserve will help meet the country's energy needs for more than three years.
"We have discovered 75 billion cubic meters (2,650 cubic feet) of new natural gas. With this amount, we will meet the needs of our homes alone for about 3.5 years. Our work at the Goktepe-3 well, which started on March 27 with our seventh-generation drilling ship Abdulhamid Han, was completed yesterday. We will continue on our path without stopping, without resting, and without paying heed to criticism or obstacles until we reach our goal of a fully energy-independent Turkey,' Erdogan stated.
The reserve is valued at nearly $30 billion and contains approximately 75 billion cubic meters of gas. (Shutterstock)
Notably, Turkey has relied on imports to meet its domestic energy needs in the past; however, the country now looks forward to becoming fully independent in energy resources following this recent discovery.
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