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Turkey Makes $30 Billion Natural Gas Discovery in the Black Sea
- On May 17, 2025, President Recep Tayyip Erdogan announced that Turkey has located a substantial deposit of natural gas near the Goktepe-3 well in the Black Sea.
- This discovery follows Turkey's intensified efforts to achieve energy independence due to its previous reliance on imports for over 90 percent of energy needs.
- The newly found gas reserve, located at a depth of 3,500 meters, holds an estimated volume of 75 billion cubic meters and is valued around $30 billion, sufficient to fulfill household energy requirements for approximately 3.5 years.
- Erdogan highlighted that this newly found natural gas reserve is sufficient to supply Turkish households for three and a half years, while also underscoring the government's continued commitment to investing in energy initiatives.
- This find marks a key milestone in Turkey's strategy to reduce energy imports and strengthen energy security through domestic resource development.
53 Articles
53 Articles
While Bulgaria is paying Turkey for LNG, which does not exist, it has found more gas at its borders: EADaily
EADaily, May 19th, 2025. The new gas discovery of Turkey in the Black Sea is unlikely to please Bulgarian politicians. On the one hand, the country also depends on fuel imports and wants to find deposits in the Black Sea. But so far only Turkey is doing this — at the very borders of the Bulgarian economic zone.
Turkey Announces that It Has Discovered a New Gas Pipeline in the Black Sea - HotNews.ro
A Turkish exploration ship discovered a new natural gas tank in the Black Sea, with reserves estimated at 75 billion cubic metres, announced on Saturday to Turkey's President, Recep Tayyip Erdogan,...
Turkey Has Discovered a New Gas Pipeline in the Black Sea. President Erdogan: "The Value Is $30 Billion"
Turkey's President, Recep Tayyip Erdogan, announced the discovery of a new natural gas tank in the Black Sea, with reserves estimated at 75 billion cubic metres, informs EFE, quoted by Agerpres. The resource could cover the consumption of...
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