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Bloomberg: Turkey likely found deposits natural gas in the Black Sea

Turkey has found energy carriers in the Black Sea, most likely natural gas, two sources familiar with the topic told Bloomberg today.
The two unnamed officials made the announcement after Turkish President Recep Tayyip Erdogan pledged to tell Turks on Friday “good news” that will usher in a new era for the nation. Erdogan's cabinet declined to comment on the sources” information.

It is not clear the size of the possible discovery, the depth of the deposits and whether their yield is cost-effective, BTA adds.

Last month, Turkish Energy Minister Fatih Dönmez said that the Turkish drilling ship Fatih began surveys in the so-called Tuna-1" zone off the western part of the Turkish Black Sea coast.

Meanwhile, Turkish President Recep Tayyip Erdogan said no threats would stop Turkey from carrying out natural resource surveys in the eastern Mediterranean, Reuters reported.

Erdogan urged all stakeholders in the region to take steps to de-escalate tensions.

"Turkey is determined to seek its rights in the Eastern Mediterranean to the end,” the Turkish president said in a speech in Ankara. “No colonialist force or threat can deter our country from (surveys on) the oil and natural gas resources that are believed to exist in the region," Erdogan said, adding that Ankara wants to resolve the dispute through dialogue and diplomacy, not by escalating

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