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8/21/20

Turkey: 'Natural gas find could close Turkey's current account gap'

Friday’s big announcement of a natural gas find in the Turkish Black Sea could eliminate the country’s current account deficit issue, said Turkey’s treasury and finance minister on Friday.

“With the current exploration and potential here, I hope in the coming days we will talk about a current account surplus,” said Berat Albayrak, speaking alongside Energy and Natural Resources Minister Fatih Donmez on the Turkish drill ship Fatih off the Black Sea province of Zonguldak.

The discovery of significant gas resources in the Black Sea could reduce Turkey’s reliance on energy imports, he added.

Some 320 billion cubic meters of natural gas reserves were found after the drill ship Fatih started work on July 20 off the Black Sea coast, as announced Friday by President Recep Tayyip Erdogan.

Read more at:
'Natural gas find could close Turkey's current account gap' | TurkishPress

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