7 hours agoStrong tensions with Greece, Turkey announces gas has been found in the Black Sea
Periskopi(6 years ago)
(6 years ago)Tensions between Turkey and Greece continue to rise, as Turkey has suggested it has found considerable gas sources in the Black Sea. According to Turkish authorities, considerable gas sources have been found, a discovery that could help the country cut its dependence on energy imports if gas can [...]
Turkey's president, Recep Tayip Erdogan, considered this as good news, which he will publish Friday, saying a new “perage is starting for Turkey, but Erdogan did not give details about finding gas sources. According to Reuters, Turkish authorities claim that gas sources found on the Black Sea will potentially meet Turkey's energy needs for 20 years.
Turkey's drilling ship Fatih has operated since late July on an exploration zone known as Tuna-1, about 100 nautical miles north of Turkey's coast west of the Black Sea. “There's a natural gas find at Tuna Square 1. The expected reserve is 26 trillion cubic metres, or 800 billion cubic metres, and meets approximately 20 years of Turkish needs” - Turkish authorities said.
It is learned that it may take seven to 10 years to start production, and according to preliminary estimates investment costs are between $2 billion and $3 billion.
