Turkey has raised the estimated reserves in a gas field off its Black Sea coast to 405 billion cubic meters after finding an additional 85 billion cubic meters, President Tayyip Erdogan said on Saturday.Erdogan said in August the field contained 320 billion cubic meters of gas…
Turkey may cooperate with foreign firms to bring online its giant gas find in the Black Sea, made in August this year.As reported by Reuters, the country's energy minister Fatih Donmez said on Thursday that Turkey would operate the gas field…
Turkey said on Monday Greece had no right to oppose Turkish seismic exploration work 15 kilometers (9.3 miles) from its mainland in the Eastern Mediterranean and on its continental shelf, as tensions between the NATO members spiked again.Greece…
The European Union's latest strategy to defuse tensions with Turkey is unraveling, two weeks after it was sealed, raising the risk of conflict in the Eastern Mediterranean, diplomats, officials and experts said.Despite an EU summit deal in the early hours of Oct…
Turkey's navy has issued an advisory late Sunday saying that the Turkish ship Oruc Reis will carry out a seismic survey in the eastern Mediterranean over the next ten days, a step likely to revive tensions with NATO ally Greece.Two other vessels…
Turkish President Tayyip Erdogan said on Wednesday he will announce the total size of gas reserves found in the country's largest-ever discovery when he visits a drillship in the Black Sea on Saturday.In August, Erdogan hailed the discovery of a 320 billion cubic meter (bcm) (11…
A Turkish drillship has left the area where it was operating southwest of Cyprus and reached Turkey's coast for maintenance in a move the European Union said would help ease tensions in the Eastern Mediterranean.Refinitiv tracking data showed…
The Turkish drillship Yavuz has left the area where it was operating southwest of Cyprus and reached the Turkish coast, Refinitiv Eikon shipping data showed on Monday, in a move that may help ease tensions in the eastern Mediterranean.Cyprus'…
The worsening stand-off in the eastern Mediterranean, frequently described as a gas conflict, has been gaining momentum. It may seem a strange time to be fighting over gas when prices remain in a slump due to weak demand and investors withdrawing…
Turkey's seismic research vessel Oruc Reis returned to waters near the southern province of Antalya on Sunday, Refinitiv data showed, a move Greece said was a positive first step in easing tensions over offshore natural resources.But Turkish…
Turkey could save up to a whopping $21 billion in gas import costs with the development of it recently hit Tuna-1 gas discovery in the Black Sea, Norwegian energy intelligence firm Rystad Energy has estimated.As previously reported, Turkish…
Turkey expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said.More than a quarter of Turkey's long-term gas contracts expire next year…
Cyprus is ready to engage in talks with Turkey to resolve differences but only 'without blackmail and threats', President Nicos Anastasiades said on Wednesday.The two countries are locked in a dispute over drilling rights in the Mediterranean…
Turkey will send a second drillship to operate in the Black Sea, Energy Minister Fatih Donmez said on Sunday, weeks after Ankara announced its largest-ever natural gas discovery in the area.'Our drillship Kanuni, whose preparation work is continuing…
Turkey said on Monday that its Oruc Reis exploration vessel will carry out seismic surveys in a disputed area of the eastern Mediterranean until Sept. 12, provoking an angry response from neighboring Greece.Turkey and Greece, NATO allies, vehemently…
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