Turkey expects its energy imports to fall significantly following a major Black Sea natural gas find and more discoveries could be made in another area now being evaluated, Energy Minister Fatih Donmez said on Saturday.
President Tayyip Erdogan announced the discovery of a 320 billion cubic metre gasfield on Friday that could come on stream as soon as 2023 and said Turkey was determined to become a net energy exporter.
Any reduction in Turkey’s energy imports would also boost government finances and help ease a chronic current account deficit that has helped drive the lira to record lows against the dollar. “There is a new area of 6,000 square kilometres ahead of us. The evaluation of our experts is that we may see similar structures there too,” he said in Istanbul.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Turkey makes significant Black Sea gas find: sourcesTurkey has found significant gas resources in the Black Sea, two Turkish sources said, a discovery which could help the country cut its dependence on energy imports if the gas can be commercially extracted.
Read more »
Turkey finds natural gas reserve of 320 billion cubic metres off Black Sea'Turkey has realised the biggest natural gas find of its history in the Black Sea,' President Erdogan announces, adding that ultimately Ankara aims to become a net energy exporter.
Read more »
America’s black upper class and Black Lives MatterOn average, even the richest black Americans remain significantly less well-off than than their white counterparts
Read more »
Turkey Discovers Large Natural Gas Reserve In Black Sea. Here’s Why That MattersThe natural gas find comes amid heightened regional tensions.
Read more »
Turkey Discovers Large Natural Gas Reserve In Black Sea. Here’s Why That MattersTurkish 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
Read more »