Turkey Discovers Large Natural Gas Reserve Off Black Sea Coast

Turkey Discovers Large Natural Gas Reserve Off Black Sea Coast
Turkey's drilling ship, Fatih, is sailing through Bosphorus toward Black Sea, in Istanbul, Turkey, on May 29, 2020. Emrah Gurel/ File/AP Photo
The Associated Press
Updated:

ANKARA, Turkey—Turkish President Recep Tayyip Erdogan announced on Friday the discovery of a large natural gas reserve off the Black Sea coast that will help ease the country’s dependence on imports.

Erdogan said the amount of gas discovered is 320 billion cubic meters, a sum industry analysts said was notable but not a “game-changer” that might turn the country into a regional energy hub or materially alter its financial fortunes.