[ad_1]
Turkey has improved its estimates of natural gas reserves discovered in a Black Sea field to 405 billion cubic meters after identifying additional reserves worth 85 billion cubic meters, Turkish President Recep Tayyip Erdogan said on Saturday. Reuters reports.
In August, Turkey announced the discovery of the largest natural gas fields in its history, a field in the Black Sea that would contain 320 billion cubic meters of natural gas. Since then, analysts have said this is a major discovery and also one of the biggest discoveries globally in 2020, writes agerpres.ro.
Also read: Last minute warning! How Raed Arafat’s Statement Was Revoked
The place where natural gas was discovered is the Tuna-1 perimeter, located about 150 kilometers off the coast of Turkey, at the intersection between the maritime borders of Bulgaria and Romania with the territorial waters of Turkey and near the Neptune block in Romania. . Gas from the Black Sea in recent decades.
“Work on this drill hole was completed after reaching a depth of 4,775 meters, as previously scheduled,” Erdogan said aboard the Fatih drillship.
Also read: PSD-PNL countertop? The end of a social democratic baron, returned by Nelu Tătaru to the Ministry of Health
The Turkish president said that next month the Fatih ship will start operating in other drilling holes in the same perimeter, after returning from the port for maintenance work. A second drillship, called Kanuni, is also heading to the Black Sea for drilling operations, Erdogan said.
If these gases could be exploited commercially, it would eliminate Turkey’s dependence on energy imports from Russia, Iran and Azerbaijan.
Read also: We have tests! Florian Coldea is a collaborating professor at SNSPA! His wife also works at the institution.
Turkey plans to start using these resources from 2023. A source close to the case said that the Turkish authorities have annual deliveries of 15 billion cubic meters from 2025.
Ankara expects its natural gas suppliers to offer more competitive prices and more flexibility if they want to renew their long-term contracts worth 16 billion cubic meters a year. Almost a quarter of Turkey’s long-term gas supply contracts expire next year, including those for gas imports through pipelines signed with Russia’s Gazprom group and Azerbaijan’s SOCAR group, as well as a gas supply contract for liquefied natural gas signed with Russia. Nigeria.
Also read: The tough departure of Cozmin Gușă to Ludovic Orban: ‘Stay in the seat of power precisely because you cheated on life and school’
In recent years, Turkey has purchased three offshore drilling vessels and significantly expanded energy exploration operations in the Black Sea and the disputed waters of the eastern Mediterranean. Turkey currently imports almost all the energy it needs, and any natural gas discovery would also help reduce a chronic current account deficit that puts pressure on the Turkish lira.
However, analysts warn that Turkey has no experience in deepwater gas production and will likely have to team up with a large oil company to exploit the field.
Also read: Last minute warning! How Raed Arafat’s Statement Was Revoked
“Even if the discovery is confirmed and developed, it could take four to six years to reach the production stage,” said John Bowlus, editor-in-chief of Energy Reporters.
In Romania’s territorial waters, eight years ago, Petrom and Exxon announced that they had discovered the Neptune deep field, estimated at 42 – 84 billion cubic meters of gas, the largest gas discovery in the Black Sea in recent years. . decades. These gases would ensure Romania’s self-sufficiency and, if exported, allow Romania to become a regional gas supply center.
Also read: PSD-PNL countertop? The end of a Social Democratic baron, returned by Nelu Tătaru to the Ministry of Health.
[ad_2]
