Black Sea discovery whets Turkey’s appetite for Mediterranean gas

FORBES | The huge new natural gas deposit discovered off Turkey's northern coast in the Black Sea, announced on August 21st, is one of the largest in the region in recent years. At 320 billion cubic meters, it is big enough to cover Turkey's natural gas demand for five to six years, analysts believe.

Far from sated, however, Turkey instead plans to accelerate its drilling efforts in the search for more gas or oil, focusing on the fraught eastern Mediterranean. "We will step up our activities in the Mediterranean," vowed Turkey's President, Recep Tayyip Erdoğan, in the same press conference in which he announced the Black Sea find.

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