Turkey Says It Has Discovered Natural Gas Fields Worth $500 Billion

OilPrice.com: Turkey Says Its Black Sea Natural Gas Discoveries Are Worth Over $500 Billion

The volumes of natural gas that Turkey has found so far in the Black Sea are worth in excess of $500 billion, Turkish Energy and Natural Resources Minister Fatih Dönmez told broadcaster CNN Türk.

The huge gas finds would be enough to supply all households in the country for 35 years, or to cover total Turkish natural gas consumption, including from industry, for 15 to 20 years, the minister added.

Last week, Turkish Petroleum (TPAO) said on Twitter that the installation of the pipes connecting the energy base in the Black Sea to the Sakarya Gas Field Land Facility had been successfully completed. The company said the inauguration of the start of the gas transmission from the field is expected to take place on April 20 in the presence of Turkish President Recep Tayyip Erdogan.

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Update: Gas found in Black Sea worth over $500 bln: Minister (Hurriyet Daily News)

WNU Editor: I am skeptical of this report. Turks go to the poll in the coming weeks, and it looks like the Erdogan government is trying to feed the Turkish public some positive news.

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