INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

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

  • The natural gas field will provide nearly a third of Turkey’s domestic needs by 2027
  • The initial production from the new field will be 3.5 billion cubic meters of gas annually starting from 2023

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.