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Business Recorder
18-05-2025
- Business
- Business Recorder
Turkey discovers new natural gas reserve in Black Sea
ISTANBUL: Turkey has discovered a new natural gas reserve in the Black Sea that will meet its residential energy needs for more than three years, President Recep Tayyip Erdogan said on Saturday. '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,' he said. Erdogan valued the reserve as worth some $30 billion. 'Our work at the Goktepe-3 well, which started on March 27 with our seventh-generation drilling ship Abdulhamid Han, was completed yesterday,' he said. Turkey is still highly dependent on imports to cover its energy needs, though Erdogan stressed Ankara's desire to achieve energy independence. '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,' he said.
Al Bawaba
17-05-2025
- Business
- Al Bawaba
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. © 2000 - 2025 Al Bawaba (
The Sun
17-05-2025
- Business
- The Sun
Turkey discovers new natural gas reserve in Black Sea
ISTANBUL: Turkey has discovered a new natural gas reserve in the Black Sea that will meet its residential energy needs for more than three years, President Recep Tayyip Erdogan said on Saturday. '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,' he said. Erdogan valued the reserve as worth some $30 billion. 'Our work at the Goktepe-3 well, which started on March 27 with our seventh-generation drilling ship Abdulhamid Han, was completed yesterday,' he said. Turkey is still highly dependent on imports to cover its energy needs, though Erdogan stressed Ankara's desire to achieve energy independence. '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,' he said.
Barnama
17-05-2025
- Business
- Barnama
Turkiye Discovers 75 bcm Natural Gas Reserve In Black Sea
ISTANBUL, May 17 (Bernama-Anadolu) - Turkiye has discovered a new natural gas reserve of 75 billion cubic metres (bcm) in the Black Sea, President Recep Tayyip Erdogan announced on Saturday, Anadolu Ajansi reported. "We have discovered a new natural gas reserve of 75 billion cubic metres in the field. With this amount, we will be able to meet residential demand alone for approximately 3.5 years," Erdogan said during his speech at the opening of the Istanbul Physical Therapy and Rehabilitation Training and Research Hospital. "Our work at the Goktepe-3 well (in the Black Sea), which began on March 27 with our seventh-generation drilling ship Abdulhamid Han, was completed as of yesterday," he added.
