Turkish President Tayyip Erdogan is expected to announce a new gas discovery in the Black Sea on Friday, state-owned Anadolu news agency reported late on Thursday.
In an interview with state broadcaster TRT Haber on Tuesday, Erdogan said he would announce “good news” about natural gas reserves in the Black Sea during a mosque opening on Friday.
In one of the world’s biggest finds last year, Turkey said it discovered 405 billion cubic metres of natural gas in the Black Sea’s Sakarya field, about 100 nautical miles north of the Turkish coast. Turkey currently has two drill ships working at several boreholes in the Sakarya gas field.
If the gas can be commercially extracted, the discovery could transform Turkey’s dependence on Russia, Iran and Azerbaijan for energy imports.
Turkey expects the first gas flow from the Sakarya field in 2023. One person familiar with the matter said an annual gas flow of 15 billion cubic metres was envisaged from 2025.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.
Stuart is on Board Member of ASN Productions, DI Communities
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.