Turkiye Eyes Notable Jump in Natural Gas Output from Black Sea Reserves

SEATTLE (Oil Monster): Plans to greatly increase the production of natural gas from Black Sea reserves were declared by Turkiye. The nation's Energy Minister, Alparslan Bayraktar, stated that the goal is to increase production to 9.5 million cubic meters by the end of the first quarter of this year.

The Minister claims that around 2.8 million Turkish households currently receive gas from the Black Sea Reserves. The nation aims to produce from the fields for at least 20 years. In an interview, he stated that the goal is to increase production capacity to 20 million cubic meters by 2026.

Turkiye has been engaged in dedicated efforts to diversify its energy infrastructure and supply chains over the years. The country, which earlier depended on neighbouring countries for much of its natural gas needs, has successfully developed liquefied natural gas (LNG) handling capabilities domestically. The domestic storage facilities had played a major role in avoiding any service disruptions during early-January this year, when gas flows from Iran and Azerbaijan were disrupted for about 10 days.

As a result of the aforementioned initiatives, Turkey is currently a significant regional provider of gas, with exports to Bulgaria, Hungary, and Romania among other nations.

The nation will prioritize domestic supplies, the minister reaffirmed.