17 Oct 2026
Turkey announces more gas reserves found in Black Sea
Türkiye's president Recep Tayyip Erdogan announced the discovery of an additional 58 billion cubic meters of natural gas in the Black Sea.
"Our drill ship Fatih has explored 58 billion cubic meters of natural gas reserves, 3,023 meters under the sea, at the Caycuma 1 block," said Erdogan following a Cabinet meeting at the Presidential Complex in Ankara.
Stressing that Türkiye's natural gas reserve in the Black Sea totals 710 billion cubic meters (25 trillion cubic feet) with a market value of $1 trillion, Erdogan said the country's ultimate goal is to declare energy independence from foreign oil and natural gas as soon as possible.
"Our new exploration will pave the way for similar explorations in other geological fields adjacent to the region. We will launch new drilling as soon as possible," Erdogan added.
Latest news
Latest newsBulgaria Asks NATO to Strengthen Its Defences Amid Black Sea Threats: Sofia Fears Growing Risks to Maritime Shipping
16.Oct.2026
Black Sea Shipping Risks Threaten Bulgaria’s 5 Million Tonnes of Wheat Exports
15.Oct.2026
Georgia’s Foreign Funding and Political Ban Laws Draw Criticism from the Venice Commission
15.Oct.2026
Kazakhstan Promotes a Caspian Green Energy Corridor: Astana Seeks New Routes to the European Market
14.Oct.2026
Inflation in Romania Accelerates to 6.61%: Rising Prices Increase Pressure on Households and the Economy
13.Oct.2026
Can Europe Protect the International Criminal Court from Trump’s Sanctions?
13.Oct.2026
Georgia’s Constitutional Court Continues Case on Banning Opposition Parties: Political Pluralism at Stake
12.Oct.2026
Azerbaijan and Iran Step Up Security Contacts Amid Hijab Protests
12.Oct.2026
Personnel Shortages Complicate Ukrainian Forces’ Rotation: Ukraine Faces Long-Term Challenges on the Front Line
11.Oct.2026
Trump Eases Sanctions on Russian Fuel After Talks with Putin: Kyiv Fears Boost to Moscow’s War Revenues
10.Oct.2026
Putin Seeks to Strengthen Russia’s Influence in the Post-Soviet Space Through the CIS
10.Oct.2026
Russia and the South Caucasus: External Pressure, Political Competition and a Crisis of Trust
10.Oct.2026
Peaceful Settlement Between Armenia and Azerbaijan: Moving from Declarations to Implementation
10.Oct.2026
Moldova Ready to Accept as Many Ukrainians as Necessary if Situation Worsens This Winter
09.Oct.2026
Turkmenistan Turns Avaza into a Regional Diplomatic Hub as Caspian, Central Asian and CIS Agendas Converge
08.Oct.2026