Financial Times, while writing that Turkey will make the first delivery within the scope of the great Black Sea gas discovery, used the expression “Turkey’s most ambitious energy production project”.
It was stated that some of the gas produced at the facility will be exported, emphasizing that the European gas market has a good potential at this point.
It was reminded that many countries on the continent faced cuts in Russian gas after the sanctions imposed on Moscow after the Russia-Ukraine War.
Turkish Petroleum AO Chairman of the Board and General Manager Melih Han Bilgin’s statements were also included in the news, and it was written that approximately three years after the discovery, the Sakarya natural gas field development would be transitioned.
It was pointed out that the gas reserve in the Black Sea has become an important support against Turkey’s imports in this area, and it was said:
Türkiye is a major energy importer and almost all of the gas it consumes comes from abroad. This makes the Sakarya project an important support for the country’s energy sector.
According to central bank data, Turkey’s net energy imports, which include oil, gas and other products, were $80 billion last year, a big reason for the increase in the current account deficit.
When seven more wells become operational in September, gas production of 10 million cubic meters per day will begin. This corresponds to about 7 percent of Turkey’s total gas consumption last year.
Turkish Petroleum, which spent 1.8 billion dollars for the first phase of the project, plans to increase its production in the coming years. Production will reach 40 million cubic meters per day when operating at full capacity.