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00:00So the gas is covered in the Black Sea. It looks colossal interviews on Earth but it begs the question what is next. How prospective do you think the area surrounding the second of one field or soccer field is from the perspective of TPL and government. Well first of all technical details aside this is a major discovery is the first ever largest discovery of any natural gas resource in Outer Continental Shelf in the Black Sea or in the Mediterranean or Egypt . It's a result of years of work on developing our own capacities for not only energy but for our economic abilities to explore partnering with other countries develop this technical capability . And it's also a result of a different approach to our own geography actually for a long time. You know the famous statement that geography is your destiny has been using a rather negative sense but here it has a positive significance. Turkey is surrounded by three seas major seas enough. We have found natural gas in the Black Sea. That that that's that's really really important for Turkey's economy. Turkey was has been a transit country in the energy sector. Now Turkey will be an energy producing country. And that's that's a new dimension a very significant one that makes Turkey more than just a producer of energy. But it puts Turkey at a different level in terms of strategic location relations a regional and global affairs . And how likely it is for Turkey to find more gas in the Black Sea depending on based on your initial findings. Indeed no one . Based on what our technical experts are telling us there is a much greater potential. That's just the beginning. What they've discovered yesterday and it's quite likely that as they continue this drilling over the over the next few months they will be able to make a deeper assessment of what is available there. But the chances are that it will lead to other fields . And in terms of drilling after the two no one well which I understand is not complete yet. They still continue to spud deep into the earth but they're going to be new exploratory exploratory wells in the same region that's going to be immediately drilled. True. That is true. So the work will continue for exploration as well as drilling at the same time . Because we are very hopeful that it will lead to other fields in the same area next to no one and perhaps in other areas as well . And of course we will continue to explore in other parts of the Black Sea as well as in the eastern Mediterranean and other parts of the Mediterranean around the Cyprus and other places as well . So we are very much hopeful. We are very encouraged by this discovery which was announced yesterday by our president. We believe that it will lead to the discovery of new fields .

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Turkey Says Black Sea at Beginning of New Gas Finds

Turkey says its natural gas find in the Black Sea will likely be followed by further discoveries, altering the geopolitics of energy trade in its region. President Recip Tayyip Erdogan's spokesman Ibrahim Kalin spoke exclusively to Bloomberg's Onur Ant in Istanbul on Saturday. (Source: Bloomberg)

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