Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Turkey Speed Up Connection of Black Sea Gas Field

NATURAL GAS

Turkey’s Sakarya gas field in the Black Sea is on track to go online next year as initially planned and work has sped up to connect it to national infrastructure according to Tayyip Erdogan on Saturday.

  • He said nine out of ten wells in the first phase of development had been drilled.
  • "Hopefully we'll start using this gas next year," Erdogan said.
  • Turkey built an "energy base" in Sakarya, and it will become a benchmark marketplace for natural gas with the inclusion of domestic supplies, Erdogan said.
  • "We're preparing to build an advanced natural gas marketplace where multiple products, multiple contracts come together to form reference prices." he said.
  • He did not make any mention of plans with Russia to become a gas hub that have been touted by both Erdogan and Putin recently
133 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Turkey’s Sakarya gas field in the Black Sea is on track to go online next year as initially planned and work has sped up to connect it to national infrastructure according to Tayyip Erdogan on Saturday.

  • He said nine out of ten wells in the first phase of development had been drilled.
  • "Hopefully we'll start using this gas next year," Erdogan said.
  • Turkey built an "energy base" in Sakarya, and it will become a benchmark marketplace for natural gas with the inclusion of domestic supplies, Erdogan said.
  • "We're preparing to build an advanced natural gas marketplace where multiple products, multiple contracts come together to form reference prices." he said.
  • He did not make any mention of plans with Russia to become a gas hub that have been touted by both Erdogan and Putin recently