Erdogan Unveils Biggest Ever Black Sea Natural Gas Discovery

Source:Bloomberg Date:24Aug2020

I’m still trying to understand the technicalities of the Black Sea gas reserve. Can it be  exracted, if so how much of it?  What would be the price tag for development & transportation to BOTAS gas grid?

Here are some preliminary answers

“The question now is how much of this gas is recoverable,” said Jonathan Lamb, oil and gas senior analyst at Wood & Company, a Czech investment bank. “This is not clear yet. What the market really wants to know also is how much they can produce per year, but I don’t think they are in the position to say that yet.”

“Turkey is a premium gas market, which has never been significant on a global scale,” said Ashley Sherman, principal analyst on Caspian and Europe upstream at Wood Mackenzie. “The discovery really reinforces the country’s potential role as an energy producer in the region.”