Turkey Discovers a Large Natural Gas Reserve in Black Sea

  • Turkish President announced recently that Turkey had discovered its largest-ever deposit of natural gas in the Black Sea, a move that could help the country reduce its dependence on energy imports from other countries such as Russia, Iran, and Azerbaijan.
  • The discovery included 320 billion cubic meters of natural gas. Turkey aims to use the discovered natural gas by 2023.

Repercussions

  • Turkey highly depends on Russia, Iran, and Iraq for its energy resources. In the year 2019, the Turkish energy imports from these countries were worth $41 billion. The discovery of the new oil exploration will help to reduce ....
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