Turkish Gas Find to Help Raise Output to 25% of EU Capacity
- Energy minister Donmez announces target dates in interview
- Peak production of 15 billion cubic meters seen by 2027
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A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Donmez said, unveiling details of his ambitious timeline to bring last year’s find on stream.
Turkey may be able to start with initial annual production capacity of 3.5 billion cubic meters of gas in 2023, Donmez told Bloomberg News in an exclusive interview in Ankara, Turkey’s capital. The aim would be to increase that to about 15 billion cubic meters annually within four years of first production, roughly one quarter of the European Union’s output today.