Daily Memo: Turkey’s Major Discovery in the Black Sea

Ankara hopes the gas discovery will put it on the road to energy independence.

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Ankara’s big find. Turkey has discovered 320 billion cubic meters of natural gas in the Black Sea, President Recep Tayyip Erdogan announced on Friday. The Fatih drill ship found the reserves, which Ankara hopes to put to public use by 2023, in a drilling zone called Tuna 1 on July 20. It could be a key step toward energy independence for the country as it continues to tangle with other countries in the Eastern Mediterranean over energy reserves there. On Thursday, the Greek government said it would ratify agreements with Egypt and Italy next week on maritime boundaries that Turkey says infringe on its territory in the sea. Meanwhile, French President Emmanuel Macron and German Chancellor Angela Merkel said after a meeting at Macron’s summer residence that they would protect EU member states’ sovereignty and defend international law in the Eastern Mediterranean. The Greek government, however, has accused the EU of not being forceful enough against Turkish moves in the region. The Greek prime minister has argued that the EU cannot have a different approach toward Turkey and Belarus, on which the bloc will impose sanctions following its controversial presidential election. Bloc officials, including European Commission chief Ursula von der […]

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