Turkey has unveiled a major natural gas discovery in the Black Sea, with reserves estimated at 75 billion cubic meters, enough to supply Turkish households for about three and a half years.

The announcement was made by President Recep Tayyip Erdogan, as reported by Anadolu and Hurriyet.“This new gas field, discovered at the Gectepe-3 well, has an economic value of $30 billion,” Erdogan said.

“Work on the well started on March 27 and was completed on May 16 at a depth of 3,500 meters.”This find is part of Turkey’s ongoing efforts to boost domestic energy production. Since launching large-scale exploration on its continental shelf, Turkey has drilled 11 wells in the Mediterranean and 38 in the Black Sea, using the state-of-the-art 7th generation drilling vessel Abdulhamid Han.

“The first phase of gas production in the Black Sea is already underway, delivering 9.5 million cubic meters daily—enough to power 4 million households,” Erdogan added.

He outlined ambitious plans to double production by 2026 and quadruple it by 2028, aiming to achieve full energy independence.This latest discovery builds on earlier successes, including the 2022 find at the Chaydzhum-1 field, where 58 billion cubic meters of gas were uncovered by the Fatih drilling vessel.

Turkey’s expanding energy resources in the Black Sea are set to reshape its energy landscape and strengthen its position in the region.