ERDOGAN: Gas site in the Black Sea has more gas than was estimated initially

Turkish President Recep Tayyip Erdogan has stated that the large gas site discovered this summer in the Black Sea contains more gas than was estimated initially.

In August, Ankara announced that it had discovered the largest natural gas site up till then, with around 320 billion cubic meters of gas.

– There are 85 billion cubic meters of gas more... The reserve amounts to 405 billion cubic meters of gas – Erdogan said while visiting the location in the Black Sea on a boat.

The Turkish president said that the gas would be available to households in 2023.

Annually, Turkey consumes 45 to 50 billion cubic meters of natural gas, which is almost entirely imported from Russia. The import costs around EUR 11 billion.

Recep Tayyip Erdogan

gas site in the Black Sea