Turkey remains the net importer of gas despite the discovery of the gas field

Deputy director general at the National Enкergy Security Fund (NESF) Alexey Grivach said that recently discovered Turkish gas fields are small. They can only cover a small share of domestic consumption. That’s why Turkey will remain a net importer of gas.

On Monday, Turkish leader Erdoğan said that a field of natural gas with reserves of 58 billion cubic meters was discovered in the waters of the Black Sea. 

In 2020, Turkey had already discovered a field in the Black Sea with reserves of 540 billion cubic meters. Then it was called the largest in the world. Yesterday, Erdoğan said that according to new assessments, the volume of reserves is about 652 billion cubic meters, and the total reserves in the sea reached 710 billion cubic meters. "With current indications," this could cost $1 trillion in the global market.