Turkey's Black Sea Gas Discoveries Bolster Energy Ambitions Amidst Economic Growth

Ankara, Turkey – Turkey is strategically advancing its energy independence and regional influence, driven by significant natural gas discoveries in the Black Sea and consistent economic expansion. Recent reports highlight the nation's robust economic performance and its determined efforts to position itself as a pivotal energy player, despite ongoing geopolitical complexities.

The country's economic landscape has seen substantial growth, with its GDP projected to reach $1.32 trillion in 2024, making it the 17th largest economy globally. This growth is underpinned by diverse sectors including manufacturing, tourism, and automotive industries. Turkey's GDP per capita is estimated at $15,461 for 2024, reflecting an upward trend in living standards.

A cornerstone of Turkey's energy strategy is the development of its Black Sea natural gas reserves. The Sakarya gas field, discovered in 2020, holds an estimated 540 billion cubic meters (bcm) of gas, with production commencing in 2023. Additionally, a new 75 bcm discovery was announced at the nearby Göktepe-3 well in May 2025. These finds are crucial for reducing Turkey's heavy reliance on energy imports, which currently account for over 70% of its total energy use.

Despite these domestic advancements, Turkey remains a net importer of natural gas, meeting only about 4% of its 2024 gas needs domestically. The nation imported approximately 52 bcm of gas in 2024, primarily from Russia, Azerbaijan, and Iran. Efforts to become a regional energy hub face challenges, including limited domestic production capacity, insufficient storage infrastructure, and the political instability of some key suppliers.

Turkey’s ambition to become an energy hub is also shaped by its geopolitical standing. While the country aims to diversify its energy sources and reduce import dependency, its relations with key energy partners and regional dynamics play a significant role. The strategic importance of the Black Sea for energy transit and exploration continues to be a focus for Ankara's foreign policy.