Hydrocarbon-poor Turkey says it has found a new natural gas reserve of 75 billion cubic metres in the Black Sea.
The reserve was found in the Goktepe-3 well at a depth of 3,500 metres and has an economic value of around $30 billion, according to President Recep Tayyip Erdogan.
“We will be able to meet the residential demand alone for approximately 3.5 years,” Erdogan said in a post on social messaging platform X. He said Ankara is committed to energy independence.
In March state-backed Turkish Petroleum Corporation and US energy companies
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