Latest news with #Goktepe3
Zawya
19-05-2025
- Business
- Zawya
Turkey finds new natural gas reserve in Black Sea, Erdogan says
ISTANBUL - Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday. "With this discovery, we will meet the natural gas needs of homes in Turkey for 3.5 years," Erdogan said during an event in Istanbul. The discovery, with an economic value of around $30 billion, was found in the Goktepe-3 well at a depth of 3,500 metres, Erdogan said. Turkey's daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, as the country ramps up its energy ambitions both at home and abroad. Turkey, which imports over 90% of its energy needs, is pushing to cut its import bill and boost supply security by developing domestic resources and expanding international partnerships in oil and gas exploration. (Reporting by Ezgi Erkoyun. Editing by Gareth Jones and Mark Potter)
LBCI
17-05-2025
- Business
- LBCI
Turkey finds new natural gas reserve in Black Sea: Erdogan
Turkey has discovered a new reserve of 75 billion cubic meters (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday. "With this discovery, we will meet the natural gas needs of homes in Turkey for 3.5 years," Erdogan said during an event in Istanbul. The discovery, with an economic value of around $30 billion, was found in the Goktepe-3 well at a depth of 3,500 meters, Erdogan said. Reuters
Bloomberg
17-05-2025
- Business
- Bloomberg
Turkey Makes $30 Billion Natural Gas Discovery in the Black Sea
Turkey has discovered 75 billion cubic meters of natural gas worth $30 billion dollars in the Black Sea, according to President Recep Tayyip Erdogan. During a speech in Istanbul on Saturday, Erdogan said the discovery was made after 49 days of drilling at the Goktepe 3 field in Sakarya and will meet residential demand for 3.5 years.
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 National
17-05-2025
- Business
- The National
Turkey discovers natural gas reserve in Black Sea worth $30 billion, Erdogan says
Turkey has discovered a new reserve of 75 billion cubic metres of natural gas during drilling works in the Black Sea, President Recep Tayyip Erdogan said on Saturday. "With this discovery, we will meet the natural gas needs of homes in Turkey for 3.5 years," Mr Erdogan said during an event in Istanbul. The discovery, with an economic value of around $30 billion, was found in the Goktepe-3 well at a depth of 3,500 metres. Turkey's daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, as the country ramps up its energy ambitions both at home and abroad. Turkey, which imports more than 90 per cent of its energy needs, is pushing to cut its import bill and boost supply security by developing domestic resources and expanding international partnerships in oil and gas exploration.
