Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: 67 martyrs in Israeli strikes on Gaza since morning.
Al Mayadeen's correspondent in West Bank: Occupation executes large-scale operation in Al-Jamasin, al-Eyada neighborhoods in Old Askar Camp, East of Nablus.
Al Mayadeen's correspondent in South Lebanon: One person killed in strike that targeted a motorcycle in Al-Mansouri.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strikes motorcycle in town of Al-Mansouri.
Yemeni Armed Forces: The blockade on the Port of Haifa comes following the successful imposition of the siege on the Port of Umm al-Rashrash, which has since ceased operations
Yemeni Armed Forces: The Port of Haifa is now officially part of our target bank
Yemeni Armed Forces calls on companies with ships currently in the Port of Haifa or en route to it to take into account the contents of the statement and any forthcoming announcements
Yemeni Armed Forces: The imposition of a blockade on the Port of Haifa comes in response to the enemy’s escalation of its brutal aggression against Gaza and the continued siege and starvation
Yemeni Armed Forces: Our decisions and operations against the occupying entity will not cease until the aggression on Gaza ends and the blockade on it is lifted
Yemeni Armed Forces: We have decided to begin enforcing a naval blockade on the Port of Haifa, which is now among our list of designated targets

Gas field with 58 bcm reserves discovered in Black Sea: Erdogan

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Dec 2022 21:04
  • 1 Shares
2 Min Read

The Turkish President says Turkey had revised an estimated volume in the Sakarya field to 652 billion cubic meters from the previous 540.

  • x
  • Recep Tayyip Erdogan (IHA Photo)
    Recep Tayyip Erdogan (IHA Photo)

Turkish President Recep Tayyip Erdogan announced on Monday that a new gas field with a reserve of 58 billion cubic meters has been discovered in the Caycuma-1 field in the Black Sea.

"Our drilling vessel Fatih has discovered 58 billion cubic meters of natural gas reserves at a depth of 3,023 meters (9900 feet) under water," Erdogan said in his address to the nation after a cabinet meeting.

According to the Turkish President, the total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic meters after a new field was located and a previous find was revised higher.

Erdogan also said that Turkey had revised an estimated volume in the Sakarya field to 652 billion cubic meters from the previous 540, adding that Turkey had drilled 13 wells in the field.

"As a result of the analysis of the data, we have revised the previously declared 540 billion cubic-meter reserve to 652 billion cubic meters," he said.

Related News

Trump to hold phone calls with Putin, Zelensky amid ceasefire push

Turkiye calls on PKK to hand over arms, urges stability

"With our new discovery at Caycuma-1, our gas reserve in the Black Sea has risen by 170 billion cubic meters to 710 billion cubic meters," the Turkish leader noted.

Last month, Erdogan indicated that Turkey is on track for the Sakarya gas field to go online in 2023.

It is noteworthy that Turkey is highly dependent on imports from Russia, Azerbaijan, and Iran, as well as LNG imports from Qatar, the United States, Nigeria, and Algeria for its gas.

In late November, Turkish Energy Minister Fatih Donmez pointed out that domestic production at the Sakaraya gas field is projected to play a significant role in Turkey's attempt to reduce reliance on gas imports by 30%.

Approximately, a $10 billion investment plan is put forward by Turkey for the operation in its exclusive Black Sea economic zone.

The Hurriyet Daily News quoted Donmez as saying that "when we start full production we will be using our own gas to cover 25-30% of our total needs. Our dependence on imports of natural gas from abroad will drop to 70%."

  • Turkey
  • Recep Tayyip Erdogan
  • Black Sea
  • Ankara

Most Read

Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025
YAF say struck 'Israel's' Ben-Gurion Airport with missiles, drones

YAF say struck 'Israel's' Ben Gurion Airport with missiles, drones

  • MENA
  • 18 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Britain's Prime Minister Keir Starmer, Deputy Prime Minister Angela Rayner and Foreign secretary David Lammy leave after attending the annual Commonwealth Day Service at Westminster Abbey in London, Monday, March 10, 2025. (AP)
Politics

Labour Minister breaks ranks, blasts government over Gaza

China’s advanced AI may surpass US Efforts: Report
Asia

China’s advanced AI may surpass US efforts: Report

A Boeing 777X is brought on the runway ahead of a display flight, at the Farnborough Air Show fair in Farnborough, England, Tuesday, July 19, 2022 (AP)
US & Canada

Boeing stock rises after Trump secures major Gulf deals

MEPs urge the Commission to act so that all EU citizens can travel to the US without visas©AP Images/European Union-EP
US & Canada

Americans race for EU residency as immigration doors begin to close

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS