Latest news with #SakaryaField
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)
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.
Reuters
17-05-2025
- Business
- Reuters
Turkey finds new natural gas reserve in Black Sea, Erdogan says
ISTANBUL, May 17 (Reuters) - 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.
