• Friday, Sep 24, 2021
  • Last Update : 08:15 pm

Turkey announces historic gas discovery in Black Sea

  • Published at 07:54 pm August 21st, 2020
Turkey's President Tayyip Erdogan addresses the nation in Istanbul on August 21, 2020 Reuters

 Erdogan hoped to see the first gas reach Turkish consumers in 2023, the 100th anniversary of the birth of the modern republic

President Recep Tayyip Erdogan on Friday said Turkey had made its biggest-ever discovery of natural gas after completing new exploration work in the Black Sea.

Erdogan said the 320-billion-cubic-metre deep sea find was made at a site Turkish vessel Fatih began exploring last month, adding he hoped to see the first gas reach Turkish consumers in 2023, the 100th anniversary of the birth of the modern republic.

"Turkey made the biggest discovery of natural gas in its history in the Black Sea," a delighted Erdogan said during a speech in Istanbul's Dolmabahce Palace.

"My Lord has opened the door to unprecedented wealth for us," he enthused.

The Fatih, Turkey's first drilling vessel, is named after Ottoman Sultan Fatih Sultan Mehmet, who conquered Constantinople -- current-day Istanbul -- in 1453.

The vessel made the discovery in the Tuna-1 field off the coast of Eregli town in the northern province of Zonguldak after beginning the search on July 20, Erdogan said, adding that he hoped so see new finds in the same region.

Finance Minister and Erdogan's son-in-law, Berat Albayrak, speaking aboard the Fatih, said the discovery and future potential would help reduce Turkey's widening current-account deficit by addressing the country's high annual energy import bill.

Turkey is hugely dependent on Russia for its energy and has been keen to diversify its supplies.

This month, Erdogan ordered the resumption of controversial energy exploration off Turkey's southern coast close to a Greek island in disputed eastern Mediterranean waters.

The issue has pitted Ankara against Greece, Cyprus and the European Union, and exacerbated tensions with France, which has stepped up its military presence in the region.

Erdogan showed no sign of yielding to the EU's calls to immediately end the eastern Mediterranean search.

"We will accelerate our activities in the Mediterranean with the deployment by the end of the year of (drilling ship) Kanuni, which is currently under maintenance," he said.

"God willing we expect similar good news," Erdogan added.

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail