Turkish discovery of gas in Black Sea to raise EU production capacity by 25%

Following the discovery of gas by Turkey in the Black Sea, the European Union’s gas production capacity is likely to increase by 25 percent.

According to the media reports the natural gas field will provide nearly a third of Turkey’s domestic needs by 2027. The media reports quoted the country’s Energy Minister Fatih Donmez saying that the initial production from the new field will be 3.5 billion cubic meters of gas annually starting from 2023.