Ankara moves at pace on Black Sea gas

摘要

Turkish NOC TPAO is pushing forward with work to develop the Sakarya gas discovery in the Black Sea. As Ankara prepares to renegotiate its long-term gas supply deals, its urgency is understandable. TPAO made an initial discovery in August last year at the Tuna-1 exploration well, with initial estimates suggesting the field could hold 320bn m3 of gas. With great fanfare, Turkish President Recep Tayyip Erdogan announced in October that this had been upgraded to 405bn m3.