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Turkey discovers 135 billion cubic meters of natural gas in the Black Sea

Turkey gas

Turkey has discovered an additional 135 billion cubic meters of natural gas in the Black Sea, Turkish President Recep Tayyip Erdogan has revealed.

Erdogan indicated that the total reserves of natural gas discovered in the region amounted to 540 billion cubic meters, with the new discovery.

He stressed that exploration activities in the vicinity of the Amasra 1 site are continuing, and we are looking forward to receiving new good news from this area.

Turkey explores for gas

During the opening ceremony of the Filios port, Erdogan stressed that the port is one of the most important infrastructure projects that will make Turkey among the top 10 economies in the world, and that it forms part of the country’s goals for the year 2023.

He pointed out that the establishment of the port of Filios is an idea dating back 150 years during the reign of the Ottoman Sultan Abdul Hamid II.

The Turkish president explained that the port can load and unload ships of large tonnage, indicating that it accommodates 13 ships at the same time.

He added that the port, one of the 3 largest ports in Turkey, will make a significant contribution to the country’s exports with an annual capacity of 25 million tons.

In this regard, he said, “We are starting to see a glimmer of hope that the volume of exports will reach $200 billion by the end of the (current) year.”

Boosting Turkish production

In another speech during the inauguration of the Koca Yusuf mask factory in Zonguldak, Erdogan stressed that the volume of production in Turkey is increasing day by day thanks to domestic and international investments.

He indicated that the government stood by all investors who support the country through programs of support, encouragement and grants for all sectors.

Erdogan said that Turkey achieved the highest growth rate of 1.8% in 2020 after China among the G20 countries, thanks to the efforts of the private sector and the support of the state.

He pointed out that the Turkish economy did not stop its wheel even during the periods when the Coronavirus  pandemic intensified, and the global economy at that time almost stopped.

“We provided our first-class health services for free in a period that witnessed wars over masks between developed countries, a shortage of artificial respirators, and homes for the elderly turned into something like morgues,” he said.

Erdogan had announced in October last year that Turkey had raised the estimated reserves in a gas field located off the coast of the Black Sea to 405 billion cubic meters, after discovering an additional 85 billion cubic meters.

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