Insight
Black Sea gas production transforms Turkey’s energy outlook
Report summary
Türkiye (Turkey) has commissioned Phase One at its deepwater Sakarya gas megaproject in the Black Sea. State-owned TPAO, the operator, has achieved first gas less than three years since discovering the giant field. To date, Turkey has relied almost entirely on gas imports to meet its demand. Sakarya’s supply is therefore of huge political and strategic importance. It redefines the scale of Turkey’s upstream gas sector, bringing its first deepwater output and a shift in domestic energy security. We assess Sakarya’s impact and wider dynamics: • Project delivery - how does Sakarya’s impressive lead time rank globally? • Future Sakarya expansion - what is the planned scale and schedule? • Turkish gas market - what share of demand will Sakarya cover? • Turkish gas trade - how will Sakarya affect import contract renewals? • Other Black Sea projects - where are the upstream milestones to watch?
Table of contents
- Executive summary
-
Sakarya gas production reshapes Turkey’s upstream sector
- How much will Sakarya Phase One produce?
- How big is Sakarya?
- How commercially attractive is Sakarya?
-
What next for the wider Black Sea upstream sector?
- In Romania, a landmark FID (finally)
- In Bulgaria, a make-or-break exploration well
-
Turkey’s large gas market welcomes much-needed Sakarya volumes
- Unprecedented domestic production will transform Turkey’s energy security
- Gas demand will maintain growth into 2030s, but faces headwinds
- Structural changes await for Turkey’s gas contracting
Tables and charts
This report includes 5 images and tables including:
- Lead time benchmarking - time from discovery to start-up for peer group of large/giant offshore gas fields
- Sakarya production and capital expenditure
- Black Sea upstream overview
- Turkey gas supply mix
- Turkey gas demand and contracted imports
What's included
This report contains:
Other reports you may be interested in
Country Report
Turkey upstream summary
Outlook transformed by giant Black Sea gas discoveries and renewed onshore success - State-owned TPAO dominates Türkiye ...
$5,400
Country Report
Romania upstream summary
A long-standing onshore producer, with future growth from Black Sea gas - Romania is a large source of oil and gas supply. The vast ...
$3,400
Asset Report
South Akcakoca Sub-Basin
State-owned TPAO, in partnership with Canada-based Trillion Energy, is developing the offshore South Akcakoca Sub-Basin (SASB) gas ...
$3,100