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Türkiye Announces Massive Natural Gas Discovery

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Türkiye’s natural gas reserves in the Black Sea now total 710 billion cubic meters, with a market value of $1 trillion, President Recep Tayyip Erdogan announced after a new deposit was discovered and a previous find was revised higher.

The increase is mainly due to the Sakarya Gas Field, which is now estimated to hold 652 billion cubic meters of gas (bcm) compared to an initial assessment of 540 bcm, Erdogan said following a cabinet meeting on Monday, adding that Türkiye has drilled 13 wells in the Sakarya field.

He also mentioned a separate find of 58 billion cubic meters of gas in another offshore field nearby.

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