Turkey has discovered natural gas in the Black Sea sellers were alarmed: the first offers came from Iran

Turkey in Zonguldak on the Black Sea, the Danube-1 well is now clear that we conducted in August 320 billion cubic meters of natural gas reserves will be revised upward.

MORE THAN 400 BILLION METERS

While President Erdogan is expected to announce the new figure for the 320 billion cubic meter gas reserve after going to the Fatih drillship on Saturday and examining the works at the site, according to one claim; after the upward revision The natural gas reserve in the Black Sea is estimated to exceed 400 billion cubic meters.

PRODUCTION OF 15 BILLION METERS PER YEAR

The calendar for the discovery of natural gas discovered in the Tuna-1 well in the Sakarya basin is 2023. With 30 wells planned to open in the region, it is estimated that 15 billion cubic meters of gas will be produced annually from 2026.

Turkey’s natural gas imports fell to 45.21 billion cubic meters last year.

AZERBAIJAN SAT ON THE SUMMIT

As for the first half of 2020, there were sharp changes in the landscape of natural gas imports. Turkey, the largest amount of natural gas in some countries in the first half of this year has imported 5 billion 444 million 99 thousand cubic meters from Azerbaijan. The amount of gas purchased from this country increased by 23.4 percent compared to last year.

The increase in the amount of gas coming from the Trans Anatolian Natural Gas Pipeline was effective in this increase.

STRONG FALL IN IRAN AND RUSSIAN GAS

During last year’s list of Turkey in the first list of gas importing countries located in the first six months of the year, the amount of gas imported from Russia decreased by 41.5 percent to 4 billion 678 million 66 thousand meters cubics fell. In the same period, the amount of natural gas purchased from Iran decreased by 46 percent and reached the level of 2 billion 29 million cubic meters.

No natural gas was imported from Iran in April, May and June.

WEIGHT GIVEN LNG

Natural gas transported by pipelines, as well as liquefied natural gas (LNG), giving more weight to LNG imports, showed an increase of 44.8 percent in Turkey. Turkey diversified sources from most countries where LNG imports were made from Algeria, Qatar, USA, Nigeria, Equatorial Guinea, Cameroon, Egypt, Norway and LNG imports from Spain.

THE PRICE WILL CHANGE AGAIN

Eliminate Turkey’s gas imports into Russia and the discovery in the coming days in the sharp decline of the Black Sea and in August the Iranian side was revised up to 400 billion cubic meters, exceeds everyone’s estimated natural gas reserves energy prices will change the beginning.

Discovered in the Black Sea and landed before expected gas reserves in 2023, before Turkey’s natural gas contracts are renewed. They will be installed at the negotiating table, a date that will be established in Turkey due to the discovery of gas and it was expected that the negotiating table with a heavy hand would rise to sit at deep discounts.

THE FIRST STEP COMES FROM IRAN

The expected first step came from Iran. Iran’s National Gas Company (NIGC) with Turkey, due to expire in 2025, made in 2001, transmitted the proposal to extend the gas supply agreement in 2025 after Turkey.

Iran’s National Gas Company awaiting official response from Turkey (NIGC) President Hassan Montaz of Torbat, Iran and Turkey for the gas export contract extension “serious negotiations” said he hoped they could begin.

• Iran, under a 25-year supply agreement signed in 2001, sells around 10 billion cubic meters of gas per year to Turkey.

After Iran, offers are also expected from Russia and other gas exporters for contract renewal.

EXPECTED DISCOUNT OF 50 PERCENT

Experts point out that the discounts to be received in new contracts with gas importing countries will gradually be reflected as a calendar towards the end of 2021, and the discount rate will be around 50 percent, especially with the discovery of gas.