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Natural Gas in Turkey
Discovery of 540 Billion m3 of Natural Gas

Natural gas in Turkey is one of the best sources that have a great impact on the growth of the economy in the country. 

A new discovery of natural gas in Turkey was announced today, after the 405 billion cubic meters of natural gas discovered in the Black Sea last year.

Minister of Energy Donmez said that the discovered natural gas reserve of 540 billion cubic meters will meet the consumption of residences for 25 years.

 

 

Turkey discovered a 540 billion cubic meter natural gas reserve with a market value of 180 billion dollars in one year in the Black Sea. Hence, it is aiming to become one of the most important countries in the world. On the other hand, it will significantly reduce the current account deficit by meeting its own needs.

 

The statement of President Recep Tayyip Erdogan that natural gas is found in the Black Sea became the agenda of the world. With these discoveries, Turkey has moved from being a "consuming country" to a "producing country" in natural gas, thus it will significantly reduce its imports from other countries.

 

 

Minister of Energy Donmez by pointing out that they dominate the source structure in the Black Sea said that "we are much more hopeful that we will find additional reserves in the Black Sea compared to yesterday. I hope we will be using this gas in 2023 unless there is a major setback".

 

Donmez shared the information that a maximum of 15-20 billion cubic meters of natural gas can be produced annually with a reserve of 540 billion cubic meters.  It is predicted that the natural gas discovered in Turkey will fully meet the needs of residences for at least 25 years."

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