The Turkish newspaper Sabah reported on Sunday that Turkey rejected an offer by an unnamed global energy giant to develop a massive gas field in the Black Sea, which comes after the country discovered a gas field in the Black Sea in 2020 – named Sakarya – with reserves estimated at 540 billion cubic meters. Also, with another gas field discovered alongside Sakarya, offshore gas reserves amount to 710 billion cubic meters, equaling around $1 trillion on the global market.
With another gas field discovered alongside Sakarya, offshore gas reserves amount to 710 billion cubic meters, equaling around $1 trillion on the global market.
Sabah also reported that several countries, such as the UK, the US, and Canada, have already shown interest in cooperation in the gas field. However, one of the globe’s energy giants, which “dominates the global energy sector,” offered half of the market value in cash in return for the current discovery.
According to the newspaper, the energy giant sought to extract and sell the natural gas found in the Black Sea in collaboration with Turkey. Still, energy management officials relayed to the newspaper that the offer was declined. The reason given was that Turkey assured it was able and empowered enough to extract and sell the gas independently.