Turkish President Recep Tayyip Erdogan today announced larger than expected natural gas reserves on the Black Sea shelf. According to him, this will significantly reduce Turkey's dependence on energy imports.

The statement that 405 billion cubic meters have been explored in the sea. m of gas (+ 85 billion cubic meters from August), and its production will begin in three years, Erdogan did from the Turkish exploration vessel Fatih.

According to Daily Sabah sources, the authorities plan to start pilot gas production in 2023, and industrial production in the amount of 15 billion cubic meters. m per year by 2025.

Türkiye has been systematically replacing Russian gas since the aggravation of relations in 2015. This year, Russian gas exports to the country may fall to 8-9 billion cubic meters. m, wrote Kommersant. Since Russian gas is supplied to Turkey under long-term contracts, it is now many times more expensive than spot gas.
Gas reserves discovered on the Turkish shelf may lead to underloading of the Turkish Stream gas pipeline just built by Gazprom for 7 million euros, Dmitry Marinchenko, Senior Director of the Fitch Natural Resources and Commodities Group, told RIA Novosti today.
Russian gas in Turkey will now compete not only with supplies from Azerbaijan, Iran and LNG, but also with domestic production. “But in order to speak about these reserves with confidence, an audit must be carried out according to international standards,” the analyst said.

Erdogan announced the start date for Turkish gas production