Turkey Discovers More Natural Gas in Black Sea Region

2 mins read  Sealuminati TeamJune 8, 2021

Turkey has discovered 135 billion cubic meters of additional natural gas in the southern part of the Black Sea. This alongside the other amount of natural gas is 540 billion cubic meters of natural gas in the region, Turkish President Tayyip Erdogan announced this on Friday. This discovery adds to the last years’ discovery of 405 billion cubic meters of natural gas in the Sakarya gas field of the Black Sea region by the Turkish drillship faith.

The Drillship Faith has this time again discovered 135 Billion cubic meters of natural gas in the Asmara-1 borehole in the Sakarya gas field. President Tayyip Erdogan is expecting some good news in upcoming years from the gas field.

The plan is to pump gas from the Sakarya gas field to its main grid by 2023, which will increase to its full potential after the fourth phase of development in 2028. A pipeline is planned to be stretched at least 160 Kilometers to connect the wells in the region to the main grid and Ankara will construct a receiving station for the same strategy within two years.

For the records Turkey has little oil and gas reserves, is highly dependent on Russia, Azerbaijan, and Iran for its imports. It also depends on Qatar, United States, Nigeria, and Algeria for its LNG imports. Last year in 2020 the country imported 48.1 billion cubic meters of gas which is 6% more than its imports in 2019, alone from Russia.

In the last years, Turkey has been exploring the Mediterranean Sea, for hydrocarbon resources. The operations are disputed as the waters have stoked tensions with Greece and Cyprus.