Türkiye is preparing to take its first delivery from a large natural gas discovery in the Black Sea, Financial Times notes on its article, APA reports.
It is Türkiye's most ambitious energy production project, says the source.
Some of the gas produced at the site would be exported and good potential for the European gas market was seen, according to the article.
It was reminded that many governments across the continent remain concerned about next winter’s supplies with major Russian pipelines shut down.
"Türkiye is a massive energy importer and nearly all the gas it consumes comes from abroad, making the Sakarya project a significant boost for the country’s energy sector. Türkiye's net energy imports, which include oil, gas and other products, were $80bn last year, a big driver of its yawning current account deficit, central bank data shows," Financial Times says.
Turkish Petroleum will begin this week delivering gas from three wells at the ultra-deep Sakarya gasfield, according to its chief executive, Melih Han Bilgin.
The facility would begin producing 10mn cubic metres of gas per day once a further seven wells go into operation in September, Bilgin said. That would amount to about 7 per cent of Türkiye's overall gas consumption last year, according to Financial Times calculations based on Energy Market Regulatory Authority data.
Turkish Petroleum, which spent $1.8bn on the first phase of the project, plans to increase production in coming years.
Bilgin said he hoped that production would reach 40mn cubic metres per day once it is running at full capacity.
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