Turkish President Tayyip Erdogan said that Turkey had discovered its largest-ever deposit of natural gas in the Black Sea. Here's why that matters: by skleb1234
on Friday that Turkey made an historic discovery, finding a natural gas field holding 320 billion cubic metres in the Black Sea.
“Turkey has realised the biggest natural gas find of its history in the Black Sea,” Erdogan said in a, adding that more could still be discovered and the country is working to finish extracting it by as soon as 2023. If the natural gas reserve can be commercially extracted, it could help the country reduce its energy dependence on imports from countries such as Russia, Iran and Azerbaijan.the sum of natural gas was notable, but not a “game-changer” that would materially alter Turkey’s finances or turn it into a regional energy hub.
Erdogan said Friday that Turkey will accelerate operations in the Mediterranean, despite ongoing territorial disputes with Greece and Cyprus as it looks for oil and gas in contested waters.“We are determined to solve our energy issue,” Erdogan said. “We will not stop until we become a net exporter of energy.”Turkey is one of the biggest economies in the Middle East, and its recent natural gas discovery comes amid increased tensions in the disputed waters of the eastern Mediterranean.
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