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  • 20-04-23

    Türkiye Celebrates First Black Sea Gas Commissioning Ceremony

    (MENAFN) Türkiye has achieved a significant milestone in its energy sector with the commissioning of the first Black Sea gas. The announcement was made by Oguzhan Akyener, the president of Türkiye’s Energy Strategy and Political Research Center (TESPAM), who stated that the gas production is expected to contribute significantly to the nation's economy. Based on the average spot price of 10 liras per cubic meter, Akyener estimated that the first phase of gas production could generate 35 billion liras (USUSD1.8 billion) for the economy.

    The Black Sea gas discovery was made in 2020, 170 kilometers from Zonguldak on the Black Sea coast. Since then, more than 8,000 employees on land and over 2,000 at sea have been working in three shifts for more than two years to extract gas. President Recep Tayyip Erdogan is expected to attend the Black Sea Gas Commissioning Ceremony at the Filyos Gas Processing Facility to commission local gas brought onshore to the Sakarya Gas Field land facility from the seabed production facility located at a depth of 2,200 meters below sea level.

    The natural gas production process will be carried out in stages, with phase one being commissioned following Thursday's ceremony. Plans are in place for the remaining five wells to be commissioned by the end of September. Akyener stated that the first phase production of 10 million cubic meters of gas per day could meet 5-6 percent of Türkiye's annual demand, which is equivalent to the annual output of 3.6 billion cubic meters. The second production phase, which is anticipated to begin in 2026, is expected to yield 40 million cubic meters, enough to meet all of the country’s residential demand. The third phase, planned for 2028, is expected to yield 60 million cubic meters of daily production.

    The commissioning of the first Black Sea gas is part of Türkiye's national energy plan, which aims to be more energy self-sufficient and reduce expensive gas imports. Akyener emphasized that the country will approach new natural gas contracts with caution after existing contracts expire.

    Türkiye's Black Sea gas reserves have been growing steadily since the discovery of 320 billion cubic meters of natural gas in the Tuna-1 well in August 2020, making it the country's largest gas discovery in history. An additional 85 billion cubic meters were discovered in October 2020, bringing the total quantity of discovered gas reserves to 405 billion cubic meters. Following the discovery of 135 billion cubic meters in the Amasra-1 well in June 2021, the Black Sea gas reserves totaled 540 billion cubic meters. In December 2022, a further 58 billion cubic meters of gas were found in the Caycuma-1 well in the southwestern part of the Black Sea. A reevaluation of gas reserves found that the country's total gas reserves would reach 710 billion cubic meters by the end of 2022, with a market value estimated to be around USD1 trillion.

    MENAFN20042023000045014228ID1106051496

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