TRY 780M INVESTMENT TO BE MADE IN BLACK SEA NATURAL GAS

TRY 780m will be invested in projects to bring the natural gas discovered in the Black Sea online. With 405 billion cubic meters of natural gas capacity, it will take at least 20 years to extract the reserves, according to calculations. The Turkish Petroleum Corporation (TPAO) will carry out an integrated project consisting of three separate sections for the usage of the Black Sea gas in the country. A submarine gas production facility will be built in an Exclusive Economic Zone within the frame of the first section while the second section will contain a 155-kilometerlong subsea natural gas pipeline to be connected with the project’s third sectionthe processing facility to be located in the Filyos Industrial Zone. In the first phase, facilities will have a production capacity of 10 million standard cubic meters per day. In the second phase, capacity will be increased to 40 million standard cubic meters. The system is expected to go online from 2023 onwards.