TURKISH PRESIDENT ANNOUNCES DISCOVERY OF NEW 75 BCM NATURAL GAS RESERVE IN BLACK SEA

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Mon 19 May 2025:

Turkiye has discovered a new natural gas reserve of 75 billion cubic meters (bcm) in the Black Sea, President Recep Tayyip Erdogan announced on Saturday, Anadolu reports.

“We have discovered a new natural gas reserve of 75 billion cubic meters in the field. With this amount, we will be able to meet the residential demand alone for approximately 3.5 years,” Erdogan said during his speech at the opening of Istanbul Physical Therapy and Rehabilitation Training and Research Hospital.

“Our work at the Goktepe-3 well (in the Black Sea), which began on March 27 with our 7th-generation drilling ship Abdulhamid Han, was completed as of yesterday,” he added.

Erdogan emphasized Ankara’s commitment to energy independence. “We will continue on our path without stopping, without resting, and without paying heed to criticism or obstacles until we reach our goal of a fully energy-independent Turkiye.”

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Turkey’s quest for energy independence led to significant natural gas discoveries in the Black Sea, starting in 2020.

The state-owned Turkish Petroleum Corporation’s drillship Fatih found 320 billion cubic meters (bcm) in the Sakarya field’s Tuna-1 zone, the country’s largest-ever find. Subsequent discoveries, including 85 bcm in 2020, 135 bcm in 2021, 58 bcm in 2022, and 75 bcm in 2025 at Goktepe-3, raised total reserves to 785 bcm, valued at over $1 trillion.

Production began in 2023, with the Sakarya field now yielding 9.5 million cubic meters daily, aiming to meet 30% of Turkey’s gas needs by 2030. These finds reduce reliance on imports from Russia, Iran, and Azerbaijan, which cost $41 billion annually, boosting energy security and economic stability.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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